Pound higher on job data

Note: This section contains information in English only.
Source: Reuters
© Scanpix/AFP

On Wednesday, the British Pound was traded higher versus the U.S. Dollar, following U.K. employment data by the Bank of England, which showed that more Britons were working than it was expected. The Sterling added 0.3% versus the U.S. counterpart, reaching the level of $1.6168, which was the highest since Oct. 5, when the currency hit $1.6218.

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Wed, 17 Oct 2012 14:41:24 GMT

Building permits in the U.S. hit a 4-year high

Census Bureau reported on Wednesday that the number of new-home construction surged last month in the U.S., reaching a 4-year high and adding to signs of recovery. Housing start grew to 872,000 at an annualized rate, which was a 15% jump and the highest level since July 2008. Economists, however, expected that the building permits would reach only 770,000.

Wed, 17 Oct 2012 14:19:26 GMT

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