Sterling little changed after housing data

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Source: Bloomberg
The British currency was little changed against the greenback and the 17-nation currency as U.K. house prices increased to the highest level in more than six months in July, fueling speculation that the nation's economy is recovering. The Sterling was at 85.98 pence per Euro by 7:53 a.m. in London after strengthening to 85.79 earlier, while U.K.'s currency climbed at $1.5479.
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Tue, 13 Aug 2013 09:40:06 GMT

German investor sentiment increases

German investor sentiment rose more than it was forecasted by the economists in August as the nation's economic recovery helped the 17-nation euro area to climb out of recession. The ZEW Center stated that its index, that forecasts investor and analyst expectations in the following six months, increased from 36.3 to 42 in July, it was expected to rise to

Tue, 13 Aug 2013 08:57:08 GMT

German bunds drop for second day ahead of ZEW confidence data

German government bunds plummeted for the second day ahead of a survey that economists expect will indicate an index of investor sentiment in Germany jumped in August. The 10-year bond yield advanced two basis points to 1.73% and the 1.5% note maturing in May 2023 contracted 0.21 to 97.99. Germany will auction 10-year bonds worth of 4 billion euros tomorrow.

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