UK Pound fell against the Dollar ahead of trade balance

Note: This section contains information in English only.
Source: WBP Online
As the trade balance in the UK is expected to remain in the red, the Sterling dropped to its lowest price in two months against the Greenback. The Cable fell by 0.14% to 1.6807, correcting its value from a hype that was originated from the possibility of increased rates in the UK. Analysts predict the trade balance to be -8.9B.
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Fri, 08 Aug 2014 14:58:51 GMT

UK trade balance lower than forecast

This Friday the data regarding the UK's trade balance was released and revealed to be worse than forecast. National Statistics in the UK reported that UK's trade balance dropped to -9.41 from the previous month's -9.15 (this was revised from -9.20). Analysts had forecast it to improve to -8.80 in July.  

Fri, 08 Aug 2014 09:13:07 GMT

Euro rises due to geopolitical distresses

The Euro managed to recover from yesterday's plummet, caused by Draghi's speech, which threw the common currency near to its lowest value in nine months. The Euro climbed by 0.27% to 1.3394 against the US Dollar. President Barack Obama approved air strikes in Iraq increasing demand for safe-haven assets.

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