Pound Gains against Dollar amid Barack Obama's Re-election

Note: This section contains information in English only.
Source: Bloomberg
The Pound strengthened versus the greenback as investors sold greenbacks after Barack Obama was re-elected. Sterling advanced 0.1% against the U.S. Dollar and traded at $1.6010 after gaining 0.3% on Tuesday. The British currency is forecast to decline to $1.51 by 2014. Following yesterday's gain to five-weeks high, the Pound lost 0.1% against the Euro and traded at 80.19 pence per euro as the Bank of England meets to discuss increase of monetary stimulus.

Back to articles

Actual Topics

Wed, 07 Nov 2012 13:46:37 GMT

Gold soared on US stimulus speculation

Precious metals rallied on Tuesday amid bullish sentiment on the US election day. Speculation that the US will embark on additional stimulus measures regardless of the winner in presidential election pushed precious metals higher. Moreover, slightly weaker US Dollar added to gains of the commodity group.Gold soared the most in seven weeks on hopes that US will ease its monetary

Wed, 07 Nov 2012 12:41:19 GMT

Swedish budget deficit surpasses forecasts in October

The National Debt Office of Sweden announced today, that the actual domestic budget deficit was 14.2 billion Swedish Krona in October, what is 1.7 billion more than the government's predictions. Budget plan was not implemented, as tax income was lower by 3 billion Swedish Krona than government budget guidance. For one year period, till the end of 2012, Swedish government deficit should

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.