UK bonds increase as stocks drop, home loans slowdown; Pound climbs

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Source: Bloomberg
© Scanpix\Reuters
UK bonds climbed for the second day as shares declined and the Bank of England data indicated home loan slowdown in the previous month that increased the demand for the safest gilt assets. The UK's currency strengthened 0.3% to 85.44 versus the Euro and declined 0.3% to $1.5192. Ten-year bond yields fell 0.04 percentage point to 1.93% after the FTSE-100 stocks slipped 1%.
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Fri, 31 May 2013 11:59:11 GMT

Eurozone's currency drops from highest level in three weeks

The shared currency dropped from the three-week high against the greenback after Germany's retail sales slid and the Eurozone's unemployment level climbed. The Euro depreciated 0.6% to $1.2976 as of 6:19 a.m. New York time after it gained to $1.3061 on Thursday, while the 17-nation currency fell 0.7% to 130.54 Yen. German's retail sales slipped 0.4% in March.

Fri, 31 May 2013 13:01:30 GMT

US Dollar drops to weakest level against Yen

The US currency dropped to the weakest level in three weeks versus the Japanese Yen on Friday following a combination of improved Japan's report and lower US data and amid month-end flows. The greenback declined 0.3% to 100.30 against the Japanese Yen, the weakest level since May 9. According to the traders it continued to slip, as stop-loss sell orders

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