Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Forex - Pound up on expectation Scotland to stay part of United Kingdom

Published 09/18/2014, 07:51 PM
Updated 09/18/2014, 07:53 PM
Pound up ahead of Scotland results

Investing.com - 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.

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

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.