Pound rises against Euro on U.K. manufacturing data

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Source: Bloomberg
The British Pound has appreciated for the first time in more than a week against the Euro after manufacturing in the U.K. rose more-than-expected. The Sterling rose 0.4% to 87.14 pence per Euro, while it dropped 0.1% to $1.5198 after dropping 0.5% earlier today. The factory output index increased from 52.9 to 54.6, while experts predicted a drop to 52.8.
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Thu, 01 Aug 2013 11:20:04 GMT

Gold prices advance as Federal Reserves sticks to stimulus

Gold was seen climbing on Thursday as the Federal Reserves maintained its current monetary stimulus programme unchanged, meaning that the central bank will continue asset purchases in total of $85 billion per month. The yellow metal rose 0.78% to $1,323.30 per ounce, while silver was traded 0.46% higher at 19.720 per ounce. 

Thu, 01 Aug 2013 10:09:08 GMT

Japanese bonds remain steady after an auction

Japanese bonds were virtually unchanged after a rise in demand at a government debt auction, while stocks surged. The yield on 10-year official securities stood at 0.795%. Japanese authorities sold $22.3 billion of 10-year bonds with demand 3.51 times higher than an amount offered. The Topix gauge jumped 2.8% after a drop of 1.5% yesterday.

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