Pound falls against U.S. Dollar before mortgage approvals

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Source: Bloomberg
The British Pound dropped on Friday and was set to complete a third weekly loss versus the U.S. Dollar as investors awaited a report published by the British Bankers' Association showing that mortgage approvals increased in April. The Sterling was traded at $1.5096 by 7:37 a.m. London time following a yesterday's slide to $1.5014, the least since March 14.

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Fri, 24 May 2013 13:23:12 GMT

U.S. jobless claims fall faster than forecast

Initial claims for unemployment benefits in the U.S. decreased at a faster-than-expected pace in the week ended on May 18, the latest report released by the Labor Department unveiled on Thursday. According to the report, first-time jobless claims fell by 23,000 dropping to 340,000 to a level of 363,000 recorded in the previous week.

Fri, 24 May 2013 12:55:03 GMT

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