UK's CPI slows in June

Source: WBP Online
United Kingdom's consumer price inflation slowed in June, therefore giving the Bank of England time to continue its relaxed monetary policy. Britain's inflation slowed to 0.0% from 0.1% in May due to declining prices for food and clothing. Meanwhile, air fair prices increased at a slower pace when compared with June of 2014. In August the Bank of England will release its new outlook for UK's inflation.
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Wed, 15 Jul 2015 07:49:17 GMT

Australian Dollar rises due to Chinese economy expansion

The Aussie posted a slight increase after hitting a six-year low, since the Chinese economy growth in the second quarter exceeding economists' expectations. According to the National Bureau of Statistics, China's GDP advanced 7% in the second quarter compared to the previous year. Therefore, the Australian Dollar added 0.2% to trade at 74.68 US cents after slipping to 73.72 cents

Tue, 14 Jul 2015 12:01:14 GMT

Aussie rises amid domestic business confidence figure

The Australian Dollar rose against the US Dollar after domestic business confidence figure posted better-than-expected results. The Business Confidence Index in June jumped to 10 from revised 8 in May, while the Business Conditions Index rose to 11 from the May's figure of 6. The Aussie added 0.3% to 0.7426 against the Greenback by 8:40 AM GMT, the gains were

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