Sterling drops versus U.S. Dollar before BoE announces policy decisions

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Source: Bloomberg
© Scanpix/RS
The British Sterling weakened for the third straight day against the U.S. Dollar before the country's central bank announced its decision to maintain monetary stimulus program and keep the benchmark interest rates unchanged. The so-called Cable dropped 0.1% to $1.5939 as of 9:13 a.m. in London following a fall to $1.5914, the least since September 18.

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Thu, 10 Oct 2013 11:02:03 GMT

Rand drops first time in 3 days as manufacturing drops

South African currency declined on Thursday falling for the first time in a three-day period against the U.S. Dollar amid speculation that the pace of growth in manufacturing eased in August from 5.4% to 1.2%, while mining output added 0.8% on the month. The Rand slipped 0.3% to 9.9880 per U.S. Dollar by 10:08 a.m. Johannesburg time.

Thu, 10 Oct 2013 10:40:03 GMT

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