Pound touches 2-week high as Cameron says U.K. economic outlook improves

Source: Bloomberg
© Scanpix\AP
The Sterling touched the highest level in over two weeks versus the U.S. Dollar as U.K. Prime Minister David Cameron announced a growth in the economy may allow the U.K. government to reduce taxes. The Sterling was flat at $1.5288 and remained steady at 86.04 pence against the common currency, adding to signs the Sterling has increased 1.9% in the last three months.
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Mon, 22 Jul 2013 09:49:31 GMT

U.K. shares decline after four weeks of gains

U.K. shares decreased, after FTSE 100 Index advancing for four straight weeks in a row. The FTSE 100 retreated 14.9 points to 6,615.77. The FTSE All-Share Index slipped 0.2% and Ireland's ISEQ Index inched up about 0.1%. European shares remained flat, with the benchmark Stoxx Europe 600 Index near the highest level in seven weeks.

Mon, 22 Jul 2013 10:12:07 GMT

Euro advances on G-20 meeting

The common currency inched up, as G-20 leaders convinced to provide precise communication when the tapering of bond-purchases starts in Japan and the U.S., while China moved towards lending rate liberalization. The 17-nation currency jumped 0.15% to $1.3154 versus the Dollar and rose 0.07% to 0.8607 versus the Pound, however it declined 0.44% to 131.58 versus the Japanese Yen.

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