Pound posts monthly gain against Dollar amid home loans advance

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Source: Bloomberg
The Pound Sterling posted its highest monthly advance against its U.S. counterpart after a report depicted British banks increased grants for homes in March, indicating that the economy growth is on the right direction. The Pound added 0.3% to $1.5545; however, it lost 0.2% to 84.70 pence per Euro. Generally the U.K currency slid 0.4% versus the shared currency in April.

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Wed, 01 May 2013 08:42:04 GMT

Australian Dollar holds gain against U.S. Dollar amid Fed monetary easing bets

Australia's Dollar kept a two-day gain against the greenback amid bets the Fed would maintain its commitment to quantitative easing. The so-called Aussie remained steady at $1.0365, while the kiwi appreciated 0.1% to 85.76 U.S. cents, being the best performer among 10 developed-market currencies. It is said that the Aussie's flexibility ensures strength of the state's economy.

Wed, 01 May 2013 07:28:03 GMT

Lonnie strongest since February as economy grows

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