Sterling weakens after BOE Governor's comments

Note: This section contains information in English only.
Source: Bloomberg
The British Pound weakened against the shared currency after BOE Governor Mervyn King said the Eurozone sovereign debt crisis is still hindering Britain's economy. Sterling fell 0.4% to 78.64 pence per Euro, after falling as much as 0.5%. The Pound was little changed at $1.5692, after gaining 0.3% versus the U.S. Dollar. 
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Tue, 14 Aug 2012 07:07:08 GMT

U.K. house prices drop

U.K.'s property prices posted a biggest fall in a year through July, and analysts don't expect the outlook to improve during the next 12 month, the Royal Institution of Chartered Surveyors said on Tuesday. RICS reported housing price balance dropped to -24 in July from -22 in preceding month, the figure shows the difference between surveyors reporting a price fall

Tue, 14 Aug 2012 17:54:30 GMT

Single currency advanced after four days of losses

The shared currency advanced after four days of losses, as investors made bullish bets for ECB's bold actions to lower Italian and Spanish borrowing costs. The Euro jumped 0.4% to $1.2340, with a session high $1.2359 and was higher versus the Japanese yen, adding 0.5 per cent to 96.64 per yen. On the contrary, the ICE dollar Index erased 0.22% to 82.38.

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