The Pound rose for a fourth day versus the Dollar, the longest streak since November, following reports that U.K. house prices increased this month. Average house-price values in England and Wales increased 0.3 percent, which was the largest gain in three years.
Meanwhile in the US, it is reported that consumer confidence fell to a three-month low in April.
A new government was confirmed in Italy, concluding a political deadlock after uncertain elections in February. Also, the Euro looked likely to remain under pressure ahead of an upcoming European Central Bank policy meeting this week; where there is speculation over an interest rate cut after weak German economic data last week.
Posted in Daily Market News on May 30 2014
Unemployment in Spain rose to a new record high of 27.2% of the labour force in the first quarter of 2013, according to official figures in Madrid. The overall number of unemployed people in Spain has now exceeded the ‘six million’ figure, even though the rate of the increase has slow.VIEW FULL ARTICLE
Posted in Daily Market News on Apr 26 2013 by alex