Breaking News

Sterling dives to 8-month low as public deficit deepens.

News Date: 22/12/2015 09:30:30
Update Date: 22/12/2015 10:11:33
 

The British Government borrowed a heavy 14.2 billion pounds in November, 1.3 billion more than November last year, and widely missing the forecasts of an 11.8 billion deficit, which raised worries about fiscal discipline and cast a pall over deficit-reduction efforts. Sterling slumped to an eight-month low against the dollar at 1.4869, losing 0.13% for day. It hit another eight-month low against the yen at 179.84, down 0.31%. Sterling tumbled to a two-month trough against the euro at 0.7370, down 0.53% for the day.

 

European shares inched up on Tuesday; with the pan-European index FTSEuro rising 0.17% to 1,404. Britain's commodity-heavy index FTSE outperformed, jumping 44 points, or 0.76% to 6,079, as an earlier recovery for oil prices pushed energy companies up. Germany's DAX edged up 0.23%; France's CAC gained a similar percentage.

 

U.S. third quarter GDP growth was revised down to an annualized 2.0%, from the preliminary estimate of 2.1%. House Price Index rose 0.5% m/m in October, a shade higher than expectations but lower than September's 0.8% rise. The dollar's index, which measures the greenback's performance against a basket of its major rivals, traded at a week-low at 98.23, down 0.21%. Dollar lost 0.32% against the euro to 1.0949. It gave up 0.12% against the yen to 121.05.

 

Oil prices relinquished their earlier gains, with Brent futures sliding 20 cents, or 0.56% to $36.14 a barrel. U.S. West Texas Intermediary (WTI) crude futures lost three cents, or 0.08% to $35.78 per barrel.

 

Gold futures stayed weak for the day, down by five dollars, or 0.46% to $1,075.20 an ounce. Silver futures slipped 2 cents, or 0.14% to $14.29 an ounce. Copper prices dove 0.90% to $2.121 a pound.   

 

Latest news

Gold futures rose for December delivery according to the Asian session on Friday. As it increased by 0.47%, to be traded at the price of 1959.00 dollars per ounce, and it was previously traded at a
09-2020 18 06:02:31

Oil prices rose this morning, due to the halt in oil and gas production due to a hurricane in the United States of America, as the price of crude oil increased by approximately 1.5%, reaching 41.13 d
09-2020 16 06:30:20

We open the trading week with a rise in gold prices today, after it witnessed a decline in the last days of last week, as it is a safe haven for investors, especially when crises that negatively affe
09-2020 14 06:22:57

Gold prices experienced a remarkable decline at the beginning of the week after it concluded its Asian trading at a high, affected by the great rush of investors, if this morning the gold futures con
08-2020 31 08:11:31

We start today's events, Tuesday, by the rise in oil prices affected by the easing of precautionary measures to combat turquoise corona in the world. US West Texas crude futures are expected to decre
08-2020 26 04:51:45

More News

Logs

Advertisements