Sterling climbs as BOE officials are against expanding stimulus

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
The U.K. Pound advanced versus the greenback and the 17-nation currency after the Bank of England released its minutes of most recent meeting. The minutes showed that officials voted against expansion of monetary stimulus progamme. The currency gained 0.6% to $1.5248 as of 2:29 p.m. in London after decreasing to $1.5079 previously.
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Wed, 17 Jul 2013 19:09:07 GMT

Canadian Dollar drops on slow-moving economy

The Canada's currency decreased as Bank of Canada Governor Stephen Poloz revealed the economy is still significantly behind its potential and inflation remains low, limiting the possibility of interest rate increase. The Loonie declined 0.3% to C$1.0403 per Greenback as of 10:11 a.m. Toronto Time. The Bank of Canada increased this year's growth forecast from 1.5% in April to 1.8%.

Wed, 17 Jul 2013 15:38:06 GMT

U.S. equities climb after Bernake's speech

U.S. equities increased after Fed Chairman Bernanke commented that bond purchasing has not been on a preset plan. The S&P gauge advanced 0.2% to 1,680.36 as of  9:30 a.m. New York time. Ben S. Bernanke revealed that the Federal Reserve is willing to keep flexibility in its monetary policy and will respond to economic data.

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