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Sterling near 22-month high vs euro, eyes on US data LONDON: Sterling hit a 22-month high against the euro on Thursday before retreating slightly as traders wagered on an increasingly divergent monetary outlook between Britain and the euro zone.Currency dealers are betting the Bank of England will tighten monetary policy before its European peers, following a run of soft data from the 18-member monetary union. On Tuesday a survey showed German investor morale at its lowest in 1-1/2 years.Sterling has been rising over the past year as Britain's economy has shown signs of a strengthening recovery. The currency has gained almost 15 percent against the dollar and almost 10 percent against the euro over the past 12 months.But while it has gained more against the dollar over the year, more than half of the pound's gains against the single currency have come in the last four months."There is concern about euro zone equity markets, there is concern about the overall ...

Aussie, kiwi struggle on questions about China; sterling in focus LONDON: The Australian and New Zealand dollars fell on Wednesday as Chinese growth data raised some questions about how long the growth would last, with some investors cautious about a recovery without another burst of government stimulus.The U.S. dollar clung to modest gains after the Federal Reserve chief said rates could rise sooner if employment improved.In the European session, focus will be on the British pound which hit near-six-year highs against the dollar on Tuesday ...
Sterling dips, gilts rise after earnings, jobs data LONDON: Sterling and yields on British government bonds dipped on Wednesday after wage data fell just short of forecasts, failing to provide more evidence of a pick up in demand-led pressure on prices following a jump in inflation last month.The pound fell to a session low of $1.7113, down almost a cent from highs reached on Tuesday after June numbers surprised markets by showing inflation had risen to 1.9 percent, within touching distance of the ...
Small dip for sterling after UK wages undershoot LONDON: Sterling dipped on Wednesday after British wage data fell short of forecasts, failing to provide more evidence of a pick up in demand-led pressure on prices following a jump in inflation last month.The debate over the strength of Britain's economic recovery, and the chances of the Bank of England raising interest rates before the end of the year, has moved on from employment to centre around inflation and wage growth.The pound hit an almost ...
Yen slips after BOJ caution on growth, dollar awaits Yellen LONDON: The yen eased on Tuesday after the Bank of Japan sounded some cautious notes on growth but stopped well short of hinting at a new bout of money-printing.In Europe, sterling traded near its lowest in two weeks against the dollar before inflation data, while the euro resisted a warning from European Central Bank chief Mario Draghi that it was too strong.However, moves were minimal across the board, as investors waited for congressional testimony from ...
Euro drops after German ZEW survey, sterling outperforms LONDON: The euro fell on Tuesday, after Germany's ZEW survey suggested a shaky start for Europe's largest economy in the third quarter while lingering problems about Portugal's largest listed bank kept investors wary of the single currency.Portuguese 10-year bond yields rose as shares in Banco Espirito Santo fell more than 10 percent, with investors worried about the bank's exposure to the troubled companies of its founding family.So far, there are few signs that these troubles ...
Sterling surges, gilts fall after surprise UK inflation jump LONDON: Sterling rose and British government bonds fell on Tuesday after data showed British inflation jumped unexpectedly in June to its fastest rate since January, increasing market bets that interest rates will rise this year.Consumer prices rose 1.9 percent on the year in June, the Office for National Statistics said. Economists taking part in a Reuters poll had expected inflation to accelerate to 1.6 percent from 1.5 percent in May, a 4-1/2 year low.Sterling surged ...


Index Closing Chg%
Arrow DJIA 17,113.54 0.36
Arrow Nasdaq 4,456.02 0.71
Arrow S&P 1,983.53 0.50
Arrow FTSE 6,795.34 0.99
Arrow DAX 9,734.33 1.27
Arrow CAC-40 4,369.52 1.50
Arrow Nikkei 15,343.28 0.84
Arrow H.Seng 23,782.11 1.69
Arrow Sensex 26,025.80 1.21

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
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WeeklyJuly 10, 2014
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