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No respite for pound as UK wages lag inflation LONDON: Sterling stayed near an 11-month low against the dollar on Wednesday, giving up early gains as weak jobs data did little to shake a growing conviction that UK interest rates will not rise until well into 2015.Jobs growth in Britain was at its slowest in more than a year in the three months to August, official data showed, even as the unemployment rate fell more than expected. Workers' earnings inched up, lagging far behind inflation.The Bank of England has said that any rise in interest rates from their historic lows will be dependent on economic data, especially wage growth.In the wake of Tuesday data showing inflation slowing sharply as food and motor fuel prices fell, sterling fell as low as $1.5878 in Asian trade - its weakest since November 2013.After Wednesday's employment data, sterling hit a high of $1.5940 but quickly slipped back and was last trading at $1.5915, ...

Falling oil prices hit Canadian, Norwegian currencies; dollar firm LONDON: The Canadian dollar fell to a five-year low and Norway's crown slid to a four-year trough against the U.S. dollar on Wednesday as investors fled the currencies of economies that are grappling with a drop in energy prices.The Norwegian crown, which tends to have a good correlation to crude oil prices, also fell to a two-month low against the euro.The euro slipped against the dollar, and with euro zone inflation expectations falling rapidly, traders ...
Sterling sell-off picks up after soft UK inflation data LONDON: Sterling fell to a one-month low against the euro and headed towards its lowest against the dollar since last November after UK inflation slowed more than expected, pushing back expectations of a rise in UK interest rates well into 2015.UK consumer prices rose 1.2 percent on the year in September, compared with 1.5 percent in August, as the prices of food and motor fuels both fell, the Office for National Statistics said.Sterling fell 0.8 ...
Sterling hits 11-month low, traders push back UK rate hike expectations LONDON: Sterling fell to an 11-month low against the dollar on Tuesday, as traders pushed back expectations of a rise in UK interest rates well into 2015 after inflation slowed more than expected in September.Sterling fell 0.9 percent to $1.5940, its lowest since November last year.Sterling overnight interbank average rates - the short-term interest rates which form the basis of lending costs to the wider economy - were pricing in a slight chance of a ...
Dollar steadies, euro sinks after data surprises LONDON: The euro handed back almost all the previous day's 1-percent rise against the dollar on Tuesday after unexpectedly sharp declines in industrial output and investor morale underlined economic frailty and falling prices.The single currency dropped by a whole cent to $1.2640 and hit an 11-month low against the yen after both euro zone industrial output and the ZEW indicator of German investor sentiment came in well below forecasts.Dealers said large option expiries would help ...
Dollar recovers after US sell-off LONDON: The dollar recovered its footing in Europe on Tuesday after sinking to its lowest in a month against the yen amid deepening worries over global growth and an equities sell-off that is gathering pace. A messy few days on markets - New York shares dived again on Monday - have highlighted flaws in the arguments of those lobbying for a significantly stronger dollar against the euro, yen and other major currencies. Treasury yields, whose ...
Sterling near 4-week low vs euro ahead of UK inflation data LONDON: Sterling fell to a four-week low against the euro on Tuesday, ahead of data that is likely to show inflation is slowing in the UK and which could prompt the Bank of England to delay the first interest rate hike until well into 2015. Inflation data will be released at 0830 GMT and the consumer price index is seen falling further in September. Expectations are for an annual reading of 1.4 percent in August, ...

 



 
Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln