U.K. CPI unexpectedly climbs

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Source: Bloomberg
U.K. inflation rose unexpectedly in July first in last four months as airfares surged and there was some development of early summer discounts in clothing stores. CPI climbed 2.6% on year in July, after a 2.4% rise in June, as reported by the Office for National Statistics on Tuesday. Analysts expected a 2.3% increase. The pound prolonged its gain versus the U.S. Dollar and traded 0.2% up at $1.5725.
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Tue, 14 Aug 2012 11:22:30 GMT

Swiss producer and import prices ease decline pace in July

Switzerland's producer and import prices tumbled at a lower pace for the second straight month in July, the statistical office announced on Tuesday. The producer and import price index dropped 1.8% on year, after a 2.2% fall in June. Analysts estimated a 1.7% decline, but the drop still was the smallest since July 2011, when it posted a 0.6% 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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