Cable extends gains as UK jobless rate fall

Source: Investing.com
The Sterling advanced versus the US Dollar on Wednesday after the data from the UK showed that wages rose less than was initially anticipated, but the unemployment rate dropped further to the lowest level since 2008. The Cable dropped to $1.5283 right after the data release, however it managed to recover back above the $1.53 level to a new session high at $1.5367 by 09:04 AM GMT. The official report revealed that unemployment rate in the UK improved from 5.5% to 5.4% in August. 
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Thu, 15 Oct 2015 08:53:14 GMT

Yen strengthens amid US Dollar sell-off

Disappointing US data boosted speculation that the Fed will not hike rates in 2015, triggering traders to reduce the Greenback longs. Meanwhile, the safe-haven Yen benefited from the growing uncertainty around the timing of monetary policy tightening in the US. The USD/JPY pair dropped 0.42% to trade at ¥118.35 by 07:35 AM GMT. Ahead in the day, investors will eye

Wed, 14 Oct 2015 11:03:13 GMT

French consumer prices decline in September

According to the official report on Wednesday, consumer prices in France posted a 0.4% monthly drop in September, reversing August's 0.3% increase, while on a yearly basis inflation remained flat. Meanwhile, experts and markets are now waiting for the further ECB moves, including possible expansion of the QE program, aimed to combat the low inflation around the Euro zone.

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