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Sterling firms as focus turns to UK fundamentals, rate outlook LONDON: Sterling rose against the dollar on Monday and inched back towards recent two-year highs against the euro as investors refocused on Britain's economic fundamentals and interest rate expectations after Scotland's independence referendum.The euro traded 0.3 percent lower against sterling at 78.48 pence, not far off a two-year low of 78.10 struck on Friday amid relief over the Scots' decision to stay inside the United Kingdom. The pound rose 0.3 percent against the dollar to trade at $1.6335, with the greenback under some pressure after posting its 10th straight week of gains last week."We continue to see further upside to sterling this week as the currency should now return back to fundamental drivers, with the UK data obtaining more prominence again," said Petr Krpata, currency strategist at ING."We still think that the pound has to do some more catching up following last week's back-to-normal correction in short-end UK yields." He ...

Dollar sits back after record-breaking run higher LONDON: Major currencies recovered some ground against the dollar on Monday after the dollar index racked up a 10th straight week of gains, its longest winning streak since its free float in 1973.Stock and currency markets were taking a breather after one of the most volatile and event-filled weeks in more than a year, but there is plenty of data and policymaker comment spread through this week for investors to get their teeth into.Top of ...
Sterling firms as focus turns to UK fundamentals, rate outlook LONDON: Sterling rose on Monday, inching back towards recent two-year highs against the euro and moving higher against the dollar as investors focused on Britain's economic fundamentals and interest rate expectations after Scotland's independence vote.The euro traded 0.2 percent lower against sterling at 78.64 pence, not far off a two-year low of 78.10 struck on Friday amid relief over the Scots' decision in a referendum to reject independence and to stay inside the United Kingdom.The ...
Pound hits two-year high against euro on Scotland results TOKYO: The British pound surged to a more than two-year high against the euro Friday, while it also rallied against the dollar as early results suggested Scotland will vote against independence from the United Kingdom.The euro tumbled to 0.7809 pounds in early Tokyo trade, down from 0.7882 pounds and its lowest level since July 2012, as dealers welcomed initial returns pointing to a disappointing night for the "Yes" camp.Sterling also jumped to $1.6522, its highest ...
Central banks drive Norwegian crown, franc higher LONDON: The Swiss franc and Norwegian crowns both gained after central bank meetings on Thursday, their moves a reflection of the greater volatility and activity that has begun to return to currency markets after a slack year.The dollar, whose surge since July is at the heart of a broad rise in volumes across major currency pairs, jumped another 1.5 percent against the yen after the Federal Reserve sent another shock through the financial system by ...
Turkey's lira extends losses, weakens to 2.23 against dollar ISTANBUL: The Turkish lira weakened further on Thursday afternoon, hitting a new 5-1/2 month low as the U.S. Federal Reserve's outlook for rising rates stoked concerns that emerging assets may lose some of their yield appeal.The lira eased as far as 2.2321 against the dollar by 1215 GMT, compared with 2.2073 late on Wednesday.Copyright Reuters, 2014 ...
Sterling hits 2-year high versus euro as Scotland votes LONDON: Sterling rose on Thursday, hitting a two-year peak against the euro and a near two-week high against the dollar on growing expectations that Scotland will vote to stay within the United Kingdom.Thursday's vote on whether Scotland will opt for independence or not closes at 10 p.m. (2100 GMT) and the first trends are likely to come out a few hours after that.Most surveys show those supporting independence slightly behind those voting for a union, ...

 



 
Index Closing Chg%
Arrow DJIA 16,804.71 1.40
Arrow Nasdaq 4,422.09 1.59
Arrow S&P 1,946.16 1.32
Arrow FTSE 6,557.52 0.98
Arrow DAX 9,382.03 0.97
Arrow CAC-40 4,365.27 1.15
Arrow Nikkei 16,082.25 0.56
Arrow H.Seng 22,932.98 1.28
Arrow Sensex 26,567.99 0.23





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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
WeeklySeptember 25, 2014
Reserves $13.305 bln