Pound hits one-month low after retail sales

Source: Investing.com
As a result of a disappointing 0.1% rise in retail sales in the UK, the Cable dropped to the lowest value in one month, corresponding to a decrease of 0.18% to 1.7014. This also caused the Euro to rise against the Pound by 0.28%, recovering from a 22-month low from 0.7873 to 0.7922, also supported by manufacturing PMI growth.
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Fri, 25 Jul 2014 05:53:09 GMT

Thomas Jordan of SNB believes Franc cap is crucial

The Swiss National Bank will keep the 1.20 per euro cap since they want to keep prices stable in the foreseeable future. SNB Chairman Thomas Jordan argued in an interview that the cap is their main policy tool seeing as price development is their primary concern. SNB has already expressed their willingness to stick to the cap in response to the recent ECB easing.

Fri, 25 Jul 2014 05:31:10 GMT

South Korea reports $11 billion worth growth measures

South Korea revealed its plans to inject 11.7 trillion won to strengthen the economy after growth slowed down to the weakest pace since the beginning of 2013. The country is ready to deploy funds from the current year's budget and increase the deployment of cash from governmental programs. The government and the BoK are determined to overturn the weak sentiment. 

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