U.K. shares slip to almost three-month low

Source: Bloomberg
© Scanpix/Agence France-Presse
U.K. shares retreated for a fourth straight day as the FTSE 100 Index fell to more than two-month low on worries that the Federal Reserves could taper the stimulus programme. The FTSE 100 declined 1.2% to 6,226.97 as of 9:35 a.m. London time, making it the lowest level since April 18. The index has dropped 9% since the Fed's Bernanke stated that the central bank could wind down stimulus.
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Thu, 13 Jun 2013 13:57:06 GMT

U.K. bonds climb second day after World Bank data boosts safety demand

U.K. bonds increased for the second day after shares fell as the World Bank damped its global expansion predictions, boosting demand for safer assets. The 10-year bond yield dropped two basis points to 2.12% and the 1.75% note maturing in September 2022 gained 1.90 Pounds per 1,000-Pound par value to 96.905. 

Thu, 13 Jun 2013 13:34:27 GMT

Sterling fell versus Euro on speculation advance overdone

The Sterling slipped versus the 17-nation currency on speculation a climb that has made the Pound the best-trading major currency in the last three months might be threatened by the next Bank of England Governor Mark Carney. The Sterling plummeted 0.2% to 85.20 versus the Euro and dropped 0.1% to $1.5668.

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