Sterling advances to strongest level in a month against Euro

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Source: Bloomberg
The British currency appreciated to the strongest level in approximately four weeks against Eurozone's currency on bets that U.K.'s economic growth will outpace Euro area this year. The Sterling gained 0.4% to 82.72 pence per Euro as of 12:47 p.m. in London, after falling to 82.65 pence, the highest level since December 3. The Pound added 0.2% to $1.6428, after climbing to $1.6603 on January 2.
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Wed, 08 Jan 2014 14:45:47 GMT

Spain to cut bond issues in 2014

The government of Spain plans to decrease its net bond issues during the current year, as the economic recovery may lead to decline in necessity to borrow as much money as it was before. Debt sales will probably equal to 65 billion euro in 2014, dropping from 66.1 billion in the previous year. The government holds its first 2014 bond

Wed, 08 Jan 2014 15:10:03 GMT

U.K. house prices to rise further in 2014

The mortgage lender Halifax announced that property prices in the U.K. declined in December of 2013 for the first time in 11 months, losing 0.6% on a monthly basis. At the same time, the last quarter of the year showed a 1.9% increase in prices, while during 2013 they surged 5.7%. Halifax analysts predict the housing prices to increase 4-8%

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