Philadelphia Fed: U.S. economy to add 1.7% in 2013

Source: MNI
According to the new forecast from the Federal Reserve Bank of Philadelphia, U.S. economy will advance 1.8% in the current quarter, while on the annual basis economic growth will reach 1.7%, up from 1.5% that was predicted before. At the same time, the GDP is forecasted to increase the pace of growth in the upcoming years, as it will jump 2.6% and 2.8% in 2014 and 2015, respectively.
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Tue, 26 Nov 2013 10:40:04 GMT

Pound weakens against Euro before BoE Governor testifies before Treasury Committee

The British Sterling declined on Tuesday falling for the third straight day against the 17-nation bloc currency before Governor of the United Kingdome central bank Mark Carney testify about the country's inflation outlook and economic forecast. The Pound slipped 0.1% to 83.78 pence per Euro as of 7:44 a.m. London time following a 0.5% drop yesterday.

Tue, 26 Nov 2013 10:18:03 GMT

Soybeans fall from 2-month high on rising demand in U.S.

Soybeans declined on Tuesday falling from the strongest level in a two-month period as traders weighed speculations that crops in Brazil and Argentina may be boosted by local rains against signs that demand for U.S. supplies rises. January soybeans futures slid 0.4% to $13.24 a bushel on the CBOT and traded at $13.2475 as of 2:19 p.m. Singapore time.

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