Cable higher on insolvencies reports

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AP

On Monday, the British Pound was gaining versus the U.S. counterpart, following a report which showed that the number of insolvencies in the U.K. declined by 3.1% last month, affecting 0.08% of all businesses. The Sterling grew by 0.2% versus the greenback to trade at $1.6034 by 11:44 a.m. in London.

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Mon, 22 Oct 2012 16:30:38 GMT

Loonie hit a 2-month low before policy meeting tomorrow

On Monday, the loonie touched a 2-month low versus the greenback, amid speculation that the Bank of Canada would put less emphasis on increasing its rates during policy meeting on Tuesday. The Canadian currency was little changed, being traded at 99.42 cents per one unit of the U.S. currency by 99.42 a.m. in Toronto.

Mon, 22 Oct 2012 15:46:39 GMT

Finances of households in the U.K. least squeezed in 2 years

Markit, a market research group, reported on Monday that the its household finance index declined in October, but at the slowest pace in almost 2 years, which may indicate that personal finances of Britons are bottoming out. The household finance index increased to 39.0 from the previous month's reading of 38.4, but still remained in the area of contraction.

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