Pound at six-week high after BoE inflation report

Source: WBP Online
© Scanpix/Reuters
British Pound advanced after the Bank of England released its inflation report. The Pound added 1% to $1.5501 against the greenback. The currency's gain had been boosted by Mark Carney' statement that QE will continue as long as unemployment is above 7%. The BoE will tolerate five basis points above the 2% inflation target.
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Thu, 08 Aug 2013 08:08:06 GMT

17-nation currency gains to strongest level in seven weeks

The Euro touched the strongest level in seven weeks versus the greenback as German exports outpaced imports beating the expectations and that indicated on nation's economic recovery. The Euro traded at $1.3342 by 7:28 a.m. London time after it reached $1.3353 on Wednesday, while the shared currency was at 128.52 Yen. 

Wed, 07 Aug 2013 14:56:06 GMT

Gold declines amid Fed QE reduction concerns

Gold futures lost for the third consecutive session as Chicago Fed President Evans implied that the U.S. central bank could scale back its monthly asset purchases in September since the labour market has improved. The yellow metal for December settlement fell 0.5% to $1,276.60 per ounce as of 7:22 a.m. on the Comex in New York.

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