Wednesday, June 15, 2011
Pound Weakened by Slowing Inflation
The Great Britain pound weakened today as the reports showed that the core inflation slowed and the retail price index remained unchanged last month. The consumer price index remained at 4.5 percent in May (
Debt Crisis Eats Away Euro’s Strength
The euro slumped today, erasing this week’s gains against the US dollar, on concerns that the European Union leaders won’t be able to reach agreement about measures necessary to battle the debt crisis.
German Chancellor Angela Merkel and French President Nicolas Sarkozy will meet on June 17 in Berlin as the pressure to resolve their disagreement strengthens.
German Chancellor Angela Merkel and French President Nicolas Sarkozy will meet on June 17 in Berlin as the pressure to resolve their disagreement strengthens.
Pound Slides on Rising Jobless Claims & Slowing Wage Growth
The Great Britain pound tumbled today as the government reports showed that the number of unemployment claims unexpectedly increased and the wage growth slowed.
The number of people seeking unemployment benefits rose to 19,600 in May from 16,900 in April, according to the report of National Statistics. The unemployment rate stayed at 7.7 percent. The average earnings growth slowed to 1.8 percent in April from 2.4 percent in March.