European stocks fall as Spain sells debt

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Source: Bloomberg
© Scanpix/AP

On Thursday, European stocks experienced a decline, as Spain sold its government debt and traders eyed an upcoming ECB policy meeting. The Stoxx Europe 600 Index declined by 0.2% and reached 270.77 by 9:59 a.m. London time. Earlier it rose by 0.5%. The index slipped 2.7% last week, as France and Germany disagreed on terms of banking union.

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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 12:45:47 GMT

Cable higher on upcoming rates decision

On Thursday, the British Pound was traded higher versus the U.S. Dollar, as investors eyed the upcoming BoE decision on interest rates. GBP/USD hit a session high of 1.6134, and later consolidated at 1.6112, which was a 0.22% gain for the European morning trading session. The pair's support was likely to be at 1.6065, while the resistance could be found at 1.6174.

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