Pound weakens on BOF speculations

Note: This section contains information in English only.
Source: Bloomberg

The pound lost ground on Friday on the country's Central Bank speculations on purchase of government debt in order to support U.K. economy as European debt crisis worsens. Sterling fell 0.1 per cent to $1.5549, a 0.1 per cent decline to 81.22 against the euro.

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Fri, 15 Jun 2012 13:54:16 GMT

Eurozone trade balance decreased in April

In a report on Friday, Eurostat said that the trade balance for Eurozone was EUR5.2 billion. This is a decrease comparing to the March's EUR7.5 billion on a seasonally adjusted basis. However, this is an increase comparing to the same month in the previous year, when the trade deficit was EUR4.5 billion. In April, exports tumbled 1.3% and imports slumped 3.0% compared to the previous month.

Fri, 15 Jun 2012 13:31:47 GMT

Eurozone unemployment up 0.2%

On Friday, Eurostat reported that the Eurozone employment level declined by 0.2% during the first three months of the year, in line with expectations, whereas it remained stable in the whole European Union. Comparing to the same quarter in the previous year, employment level dropped 0.5% in the single currency bloc, and fell by 0.1% in 27 EU countries.

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