Pound appreciates to a two month high ahead inflation data

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Source: Bloomberg
The Pound was slightly up to $1.6205 in an early European trading session on Tuesday. After increasing to $1.6218, the highest level since 28th of September, the Pound awaits a report on U.K. consumer price level change, which, according to economists, will remain at the fastest pace since May. Also, the Bank of England will release the minutes of their last policy meeting tomorrow.
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Tue, 18 Dec 2012 13:24:25 GMT

U.K. inflation remains unchanged at 2.7%

U.K. inflation remained at the highest rate last month since May with the largest upward pressures came from  electricity and gas prices as well as food & non-alcoholic beverages, which kept consumer-price growth above the BOE' target of 2%. The CPI annual inflation was unchanged at 2.7% in November 2012, according to the Office for National Statistics. "Consumers' spending power is

Tue, 18 Dec 2012 11:20:09 GMT

Gold steps higher from a one-week low on the U.S. budget optimism

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