Pound fluctuates on U.K. trade balance data

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Source: RTTNews
The Sterling posted mixed trading versus its major peers as U.K.'s trade deficit expanded to GBP4.3 billion, exceeding economists' expectations of GBP3.1 billion deficit. The Pound traded at 0.7883 versus the Euro, 1.5245 versus the Swiss Franc, 1.5655 versus the U.S. Dollar and 122.86 versus the Yen.
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Thu, 09 Aug 2012 10:59:15 GMT

Global food prices rise significantly

The international food price index, that estimates the monthly change in the global prices of major food commodities, surged 6%, rebounding from preceding three months decline, Food and Agriculture Organization said on Thursday. The reverse was lead by a 12% rise in sugar prices and increase in grain prices. Maize gained 23% in price. Global wheat prices rose 19%. International

Thu, 09 Aug 2012 16:58:15 GMT

Germany's exports and imports tumbled in June

According to the Federal Statistics Office, German's exports and imports tumbled in June by 1.5% and 3%, respectively, from the previous month.  The total value of exports is at 92.3bn euro level, while the value of imports is 76.1bn euros. Despite worsened fundamentals, the exports to other countries, which are outside of the Eurozone, soared 20% from a year earlier.

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