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Sterling dips as data shows UK economy slowing more than expected LONDON: Sterling slipped on Tuesday after data showed British economic growth slowed more than expected in the three months to September, fuelling concern that a period of rapid economic growth is coming to an end.Third-quarter gross domestic product growth slowed to 0.5 percent from 0.7 percent in the three months to June, a bigger slowdown than economists' forecasts of a drop to 0.6 percent.Sterling fell to $1.5309 after the data, before recovering to $1.5325, still down 0.2 percent on the day.The growth figures may give pause for thought to the Bank of England, which had also forecast the economy would grow by 0.6 percent, as it mulls when to raise interest rates for the first time since the financial crisis.A Reuters poll on Monday found economists now do not expect a BoE rate hike until the second quarter of next year, having last month predicted a move higher in rates ...

Polish zloty, stocks fall as election threatens shifts in policy WARSAW: Poland's zloty and Polish bank stocks fell on Monday after the euro-sceptic Law and Justice party (PiS) claimed victory in an election that signals a shift in policy shift for Central Europe's largest economy.The zloty weakened 0.2 percent by 0907 GMT. Losses by bank stocks dragged stocks lower.PiS secured 37.7 percent of the vote, just enough to govern alone and well ahead of the incumbent, the pro-EU Civic Platform (PO) at 23.6 percent, according ...
Sterling gains vs dollar after below-forecast US homes data LONDON: Sterling climbed off a 12-day low against the dollar on Monday, as weaker-than-expected US home sales data dented the greenback. Having recorded its best week since May, the dollar index dipped 0.3 percent, weighed down by September new homes sales figures that revived concerns about the US economy. The British pound rose as high as $1.5383 after the data, having earlier touched $1.5305, its weakest since Oct. 14. It last traded at $1.5364, up ...
Russian rouble firmer with oil, exporter forex sales MOSCOW: Russia's rouble traded firmer on Thursday, helped by a modest uptick in oil prices and exporters selling forex for upcoming rouble-denominated tax payments.At 0720 GMT, the rouble was 0.4 percent stronger against the dollar at 62.75 and had gained 0.6 percent to 71.02 versus the euro. Brent crude oil, a global benchmark for Russia's main export, was up 0.5 percent at $48.1 a barrel.The bulk of Russia's monthly taxes fall due next week, including ...
Sterling stymied below $1.55, awaits ECB meeting LONDON: Traders betting on a stronger pound failed to drive sterling above $1.55 on Wednesday, before a European Central Bank policy meeting on Thursday that has dominated trade for days. Speculation that the ECB would announce more stimulus to prop up a still-struggling euro zone economy, or at least point the way to that happening within months, weakened the euro at the start of this week. The single currency has recovered since, helped by a ...
Forint, kuna retreat, Croatia slashes interest rates BUDAPEST: The kuna and the forint set the trend for weaker central European currencies on Tuesday after Croatia slashed interest rates and a Hungary's central bank issued a dovish statement.The zloty led the fall due to uncertainty over policies as the opposition Law and Justice, seen as a less business-friendly party than the ruling Civic Platform, is expected to win Poland's elections on Sunday.The currency touched its weakest levels for almost three weeks against the ...
Euro hits 10-day low vs dollar on ECB caution LONDON: The euro slipped to a 10-day low against the dollar on Monday, as investors eyed a European Central Bank meeting later in the week that could pave the way for further stimulus to boost inflation in the euro zone.Though most traders and analysts reckon the ECB will wait until its December meeting to announce anything new, they see a risk that additional easing measures could be flagged this Thursday and are betting ECB chief ...


Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln