Pound higher versus Euro on optimistic data

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

On Monday, the Pound was traded higher versus the 17-nation currency, following the report, which showed that U.K. budget deficit was the lowest since 2008. The Sterling increased by 0.1% to trade at €1.2290 by 2:22 p.m. in London. Earlier in the day, the British Pound hit a session high of €1.2311 and a session low of €1.2274.

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Fri, 19 Oct 2012 18:40:29 GMT

European stocks closed lower on Friday

European stocks turned lower on Friday, October 19, as market sentiment remained bearish after as European Union leaders failed to discuss further aid for Spain. The Stoxx Europe 600 Index erased 0.76 per cent to 274.08. Germany's DAX Index fell 0.76 per cent to 7,380.64 and France's CAC 40 Index declined 0.87 per cent to 3,504.56.

Fri, 19 Oct 2012 18:18:29 GMT

Euro falls to 3-day low on Spain

On Friday, the Euro edged lower, reaching a 3-day low, versus the U.S. counterpart as investor sentiment was driven by ambiguity over Spanish bailout. EUR/USD hit a session low of 1.3038 and consolidated at 1.3051, which was a 0.12% fall for the European morning trade. The pair's support was likely to be found at 1.2993, while the resistance was prone to be at 1.3129.

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