Forex - GBP/USD near 2-month lows after drop in U.K. inflation

The pound was trading close to to-month lows against the dollar on Tuesday after data showed that the annual rate of inflation in the U.K. slowed to the lowest level in more than a year in October. GBP/USD was down 0.60% to 1.5892, the lowest since September 13, during...

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European stocks push lower in cautious trade; Dax down 0.17%

European stocks pushed lower on Tuesday, as investors remained cautious amid ongoing speculation over when the Federal Reserve will begin tapering its asset purchase program.  During European afternoon trade, the EURO STOXX 50 fell 0.29%, France’s CAC 40 slipped 0.23%,...

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U.S. futures lower as Fed tapering still in focus; Dow Jones down 0.12%

U.S. stock futures pointed to a lower open on Tuesday, as investors remained cautious amid growing expectations for the Federal Reserve to begin tapering its stimulus program before the year end.  Ahead of the open, the Dow Jones Industrial Average futures pointed to...

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Dollar higher vs. yen, pound drops after U.K. inflation report

The dollar rose to two-month highs against the yen on Tuesday as last week’s stronger than expected U.S. jobs report continued to lend support, while the pound fell sharply after data showed that the annual rate of inflation in the U.K. slowed to the lowest level in more than...

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Bond yields fall to lowest on record as Italy sells 12-month debt

Italy saw borrowing costs fall to the lowest level on record at an auction of 12-month government bonds on Tuesday, amid easing concerns over the health of the euro zone’s third-largest economy. Italy’s Treasury sold the full-targeted amount of EUR6.5 billion worth of 12-month...

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Forex - Pound sharply lower after weak U.K. inflation data

The pound fell to two-month lows against the dollar on Tuesday and was weaker against the euro after data showed that the annual rate of inflation in the U.K. dropped to the lowest level in more than a year in October. GBP/USD fell 0.79% to 1.5863, the lowest since September...

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