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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 percent, dropping to a low of $1.5955 , its lowest in a week and not far from an 11-month low of $1.5943 it reached earlier this month.The euro rose 0.25 percent to 79.56 pence, its highest level in four weeks. The single currency gave up some of its gains after weaker-than-expected euro zone industrial data and a disappointing German ZEW survey.Against a trade-weighted basket of currencies, sterling hit a one-month low of 86.7, after the ...

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, ...
Russia's ruble plunges to historic low against euro MOSCOW: Russia's ruble on Monday slumped to a new all-time low against the euro as the spillover from the Ukraine crisis and falling oil prices pummelled the economy.The ruble slumped to 51.27 to the euro, breaking through a previous low seen in March in the wake of Moscow's annexation of the Black Sea peninsula of Crimea from Ukraine.The national currency also dropped against the dollar to a rate of 40.42, according to the Moscow Exchange, ...
Global growth worries buffet sterling in wake of G20 LONDON: Sterling dipped against the euro on Monday but was steadier against the dollar after a weekend summit of financial leaders that raised more questions about how fast U.S. and UK interest rates can rise amid a global struggle for growth.Money market rates have already shown investors backing off the expectations of a Bank of England rate hike this year that drove sterling to a six-year peak against the dollar in July.Concerns that the euro ...

 



 
Index Closing Chg%
Arrow DJIA 17,195.42 1.30
Arrow Nasdaq 4,566.14 0.37
Arrow S&P 1,994.65 0.62
Arrow FTSE 6,463.55 0.15
Arrow DAX 9,114.84 0.35
Arrow CAC-40 4,141.24 0.74
Arrow Nikkei 15,658.00 1.67
Arrow H.Seng 23,702.04 1.49
Arrow Sensex 27,346.33 0.92





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln