Pound at a 2-week low against Euro, rate decisions eyed

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Source: Reuters
© Scanpix/Reuters

On Thursday, the British Pounds was at a 2-week low versus the Euro, as traders eyed the upcoming results of BoE meeting. Although, the central bank is expected to leave its policy unchanged, soft data in the U.K. kept alive speculation about another monetary stimulus. The Euro added 0.1% and was traded at £80.375, which was the highest since September 20.

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Thu, 04 Oct 2012 11:41:32 GMT

BoE holds key rate unchanged

The Bank of England kept the base rate of interest at the record low of 0.25% for the 44th consecutive month and decided to hold off any further economy-boosting measures. Economists had widely forecast such outcome. Analysts expect no further quantitative easing until November, when the latest investment of 50 billion Pounds is used up. The total commitment in bond-purchasing

Thu, 04 Oct 2012 12:02:49 GMT

Asian currencies rise to 7-month high on U.S. employment data

Asian currencies were close to 7-month high as data showed the U.S. employment increased more than economists projected, alleviating market concerns about global slowdown and boosting demand for riskier assets. The Taiwan Dollar gained 0.3% to NT$29.322 versus the U.S. Dollar, while the Philippines peso rose 0.1% to 41.555.The Malaysian Ringgit climbed 0.1% to 3.0575. 

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