Sterling climbs as officials vote against further bond purchases

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Source: Bloomberg
© Scanpix/Reuters
The British currency rose versus the greenback and the Eurozone's currency, erasing earlier retreat, after England's central bank minutes from previous meeting were released. The Sterling appreciated 0.3% to $1.5204 as of 11:18 a.m. in London after sliding to $1.5079 earlier. At the same time, it strengthened 0.4% to 86.47 pence per Euro after reaching 87.11 pence, the lowest since March 13.
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Wed, 17 Jul 2013 14:45:15 GMT

European stocks gain before Bernanke's speech

EU stocks advanced, erasing previous losses, before Fed Chairman Ben Bernake's speech to the Congress later this day which may provide investors with information about the Fed's stimulus plans. Euro Stoxx climbed 0.38% to 2,675.61. Germany DAX increased 0.27% to 8,223.38 and the French CAC 40 added 0.40% to 3,866.39.

Wed, 17 Jul 2013 13:58:03 GMT

German 10-year bonds drop following auction

German 10-year government bunds contracted as the Germany auctioned 3.19 billion euros of the securities. German 10-year note yield advanced three basis points to 1.58% and the 1.5% security maturing in May 2023 decreased 0.255 to 99.29. Two-year bund yields jumped one basis point to 0.1%. Germany auctioned bonds at an average 1.57% yield.

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