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Sterling hits 2-week high versus dollar after CPI data  LONDON: Sterling rose to a two-week high against the dollar on Tuesday after data showed annual British inflation rose unexpectedly to 2.6 percent in July from 2.4 percent the previous month. Rising inflation may give the Bank of England less scope to ease monetary policy if prices remain sticky in the coming months. Sterling rose to a two-week high of $1.5730 from around $1.5702 before the release. It surpassed its 200-day moving average at $1.5721 where traders had earlier reported offers and further gains could see it target the 100-day moving average at 1.5759. The euro fell to around 78.72 pence from 78.82 pence before the data. Copyright Reuters, 2012 ...

Turkish lira weaker on higher oil price, c/a deficit shrinks  ISTANBUL: The Turkish lira weakened against the dollar on Monday as rising oil prices posed risks to inflation, offsetting data showing an improvement in the current account deficit as investors awaited a treasury bond auction on Tuesday. Turkey had its smallest monthly current account deficit since August 2011 in June, data showed on Monday, and Finance Minister Mehmet Simsek said the economy was experiencing a soft landing. A wide current account deficit has been a major source ...
Turkish lira weaker on higher oil price, c/a deficit shrinks  ISTANBUL: The Turkish lira weakened against the dollar on Monday as rising oil prices posed risks to inflation, offsetting data showing an improvement in the current account deficit. Turkey had the smallest monthly current account deficit since August 2011 in June, data showed on Monday, and Finance Minister Mehmet Simsek said the economy was experiencing a soft landing. A wide current account deficit has been a major source of concern for investors in Turkish assets, but the ...
Euro rises to session high versus dollar  LONDON: The euro rose to a session high against the dollar on Monday on stop-loss buying, traders said, with many expecting it to trade within well-worn ranges amid falling volumes. The euro rose to a session high of $1.2321 on trading platform EBS, rising past stop-loss buy orders above $1.2310. Offers to sell the euro were reported above $1.2330/50, traders said. "I think it'll be rangebound until September," a London-based trader said, adding that he expected the ...
Sterling weaker as investors brace for weak UK data  LONDON: Sterling fell on Monday, moving lower in line with other currencies perceived as a higher risk and weighed down by expectations that a worsening UK economy would drive the Bank of England to pump yet more money into the economy soon. The pound had eked out modest gains last week after the BoE Governor Mervyn King dashed speculation it could cut interest rates shortly, despite downgrading its forecast for the recession-hit UK economy. The BoE looks ...
Rouble slides on profit taking; central bank holds rates  MOSCOW: The Russian rouble weakened and stock indexes dipped on Friday, battered by profit taking and a spike in risk aversion after Chinese trade data suggested growth in the big Asian economy was still sluggish. Strong oil prices, however, limited losses. The central bank's decision to keep its key interest rates unchanged had no market impact as it was widely expected and had been already priced in. By 1328 GMT the rouble eased 0.8 percent to 31.91 against ...
Sterling eases but BoE rate stance seen supportive  LONDON: Sterling fell on Friday as weak Chinese economic data cooled appetite for perceived riskier currencies, although the Bank of England's signal this week that it would not cut interest rates was expected to help limit losses. Bank of England governor Mervyn King on Wednesday damped expectations of a rate cut soon, arguing that such a move would damage some financial institutions and be "counter-productive", spurring a jump in the pound. Sterling shed 0.3 percent to $1.5586 ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln