GBP/USD increased ahead of Fed decision

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Source: Forexpros

The pound edged up against the US dollar on the improved market confidence before the Fed's rate decision. GBP/USD approached to 1.5626 at the early European trade, being the daily high, gaining 0.11% since opening. Investors also anticipate the report on UK's CPI due later today.

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Tue, 13 Dec 2011 11:31:35 GMT

Spanish yields surge ahead of auction

On Tuesday Spanish borrowing costs for 10-year notes increased 9 b.p. to 5.88%. Today Spain is going to auction securities with maturities 12 and 18 months. Italian 10-year bonds followed their Spanish peers and added 13 basis points to 6.66%. German bonds also declined as their 10-year yield gained 4 b.p. EFSF plans to auction 3-month bills worth €2bn.             

Tue, 13 Dec 2011 17:37:40 GMT

Canada to abandon Kyoto protocol

On Monday Canada became the first nation that claimed it will quit Kyoto protocol. Peter Kent, Environment Minister made an announcement of Canada's abandonment after he returned from summit in Durban. Canada, a leading energy producer has complained extensively that Kyoto protocol does not work as it ignores too many important emitters such as India and China. 

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