It was a tough week for Indian shares as the BSE Sensex fell nearly 3 percent and the Nifty lost 3.3 percent as U.S. Fed chief Bernanke’s suggestion that stimulus measures may be scaled back at one of their next few meetings dented sentiment. Here's a look at the top Sensex losers and gainers. Full Article
For months, markets have been dancing to central bankers' tune, but that may now be changing, writes James Saft. Full Article
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Sterling rises to highest since late Sept versus dollar
LONDON Dec 18 (Reuters) - Sterling rose to its highest since late September against the dollar on Tuesday just before UK inflation data.
The pound rose to 0.3 percent to $1.6224, with more gains giving it the potential to target the September peak of $1.6310.
It showed little reaction when the data was released and was last at $1.6220. It showed the UK consumer price index held at an annual 2.7 percent in November, slightly above forecasts for 2.6 percent.
The rise in inflation could add to expectations the Bank of England will hold off from more easing for now. (Reporting by Jessica Mortimer; editing by Anirban Nag)
- Tweet this
- Share this
- Digg this