The Cable remained stable versus the Greenback amid ECB uncertainty

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Source: Forexpros

On Tuesday, the British Pound remained almost unchanged versus the U.S. dollar, as traders eyed the upcoming ECB's policy meeting, while weak U.K. data weighed on sterling demand. The Greenback hit the daily low of 1.5869 in terms of U.S. Dollar, and later consolidated at 1.5886, which was a slight 0.02% decrease for the European afternoon trading session.

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Tue, 04 Sep 2012 18:01:27 GMT

The Euro held steady versus the U.S. Dollar on ECB

On Tuesday, the Euro remained almost unchanged versus the U.S. Dollar, as it was supported by expectations that the ECB will announce measures to cope with Eurozone's debt crisis. The pair reached 1.2628, which was the highest since Friday, and consolidated at 1.2592, adding 0.02% for the European morning trading session. The pair's support was likely to be found at 1.2492, while the resistance was prone

Tue, 04 Sep 2012 19:07:26 GMT

Gold gains on stimulus expectations

Gold, selling close to a five-month high, advanced in New York after economic reports adding signs central banks may create further stimulus fueled demand. On Tuesday, December-delivery gold surged 0.3% to $1,692.10 per ounce in New York. Prices touched $1,669.60, the strongest since March 27. Gold for immediate delivery slid 0.1% to $1,689.50 per ounce in London.

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