Commodity News
HeadLine : Pound up on expectation Scotland to stay part of United Kingdom
Date : Sep 19 2014
The pound surged on Friday in Asia on expectations that voters in Scotland narrowly decided to stay part of the United Kingdom, but results were not yet final.

Forex - Pound up on expectation Scotland to stay part of United KingdomPound up ahead of Scotland results
GBP/USD traded at 1.6432, up 0.21%, well after polls closed and counting continued apace. In Asia, a light data day lay ahead with AUD/USD traded at 0.8984, up 0.05%, while USD.JPY edged to 108.76, up 0.06%.

Overnight, the dollar traded mixed to lower against most major currencies, buoyed by expectations for tighter monetary policy on the horizon and softened by a mixed bag of U.S. data.

In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending Sept. 13 fell by 36,000 to 280,000, the lowest level since mid-July, from the previous week’s revised total of 316,000.

Analysts had expected jobless claims to fall by 11,000 to 305,000 last week.

Separately, the U.S. Commerce Department said that the number of building permits issued last month dropped by 5.6% to 998,000 units from July’s total of 1.057 million.

Analysts expected building permits to fall by 0.4% to 1.045 million units in August.

The report also showed that U.S. housing starts tumbled by 14.4% last month to hit 956,000 units from July’s total of 1.117 million units, confounding expectations for an increase to 1.040 million.

The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was fell 0.03% at 84.38



 

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