Pound is little changed as budget deficit narrows and GDP rises

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Source: Bloomberg
© Scanpix/FP
The British Sterling strengthened against the U.S. Dollar and weakened versus the shared currency after a government data showed the country's budget deficit narrowed in September and as the U.K. gross domestic product continued to increase in the Q3. The Pound added 0.5% to $1.6219 following a gain to $1.6228, the most since October 3, and it dropped 0.3% to 84.96 pence per Euro.

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Wed, 23 Oct 2013 09:11:04 GMT

Treasuries rise on speculation Fed pushes back plans to trim stimulus

U.S. Treasuries advanced on Wednesday rising for the second straight day with the benchmark 10-year yields falling to the lowest level in three months as the Federal Reserve maintains its stimulus program delaying the scale-back to 2014. U.S. 10-year yields dropped 2 basis points to 2.49% by 12:59 p.m. Tokyo time, the weakest level since July 23.

Wed, 23 Oct 2013 08:49:05 GMT

Gilts rise as demand for safer assets increase amid U.S. stimulus

U.K. Gilts advanced on Tuesday pushing the benchmark 10-year government yields towards the weakest level since August as demand for less riskier assets increased amid less U.S. payrolls added in September rising concerns of continued stimulus. The 10-year U.K. bond dropped 11 basis points to 2.63% as of 4:37 p.m. London time, the least since August 27.

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