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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Pioneers Holding   2.84        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Egyptian for Tourism Resorts   0.69        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Heliopolis Housing   21.65        Raya Holding For Technology An   4.57        United Housing & Development   8.93        International Agricultural Pro   2.1        Gulf Canadian Real Estate Inve   18.08        Alexandria Pharmaceuticals   45.71        Arab Cotton Ginning   2.46        Egyptian Chemical Industries (   7.26        National Real Estate Bank for    11.84        Six of October Development & I   15.03        National Development Bank   6.72        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Credit Agricole Egypt   9.04        Palm Hills Development Company   1.61        Remco for Touristic Villages C   2.13        Commercial International Bank    29.87        El Ezz Porcelain (Gemma)   1.9        Egyptian Starch & Glucose   5.4        Arab Real Estate Investment (A   0.41        South Valley Cement   3.12        Citadel Capital - Common Share   2.5        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Sharkia National Food   3.78        Egyptian Transport (EGYTRANS)   7.85        El Kahera Housing   4.97        El Shams Housing & Urbanizatio   2.45        Egyptian Kuwaiti Holding   0.7        ARAB POLVARA SPINNING & WEAVIN   2.11        Cairo Poultry   8.32        Egyptian Financial & Industria   8        T M G Holding   4.03        Asek Company for Mining - Asco   10.66        Misr Hotels   27        Egyptian Electrical Cables   0.56        Medinet Nasr Housing   22.51        Mena Touristic & Real Estate I   1.21        ELSWEDY CABLES   18        Prime Holding   0.91        Al Arafa Investment And Consul   0.17        Alexandria Spinning & Weaving    0.74        Gharbia Islamic Housing Develo   8.41        General Company For Land Recla   16.6        Alexandria Cement   8.9        Arab Valves Company   0.94        Sidi Kerir Petrochemicals   12.4        TransOceans Tours   0.09        Egyptian for Developing Buildi   6.43        Egyptian Gulf Bank   1.24        Kafr El Zayat Pesticides   18.19        Faisal Islamic Bank of Egypt -   35.1        National company for maize pro   11.86        Delta Construction & Rebuildin   4.03        Zahraa Maadi Investment & Deve   48.25        Samad Misr -EGYFERT   3.52        Egypt for Poultry   1.41        Cairo Development and Investme   11.7        Cairo Pharmaceuticals   20.1        Maridive & oil services   0.9        Suez Canal Bank   3.75        Nile Pharmaceuticals   15.81        The Arab Dairy Products Co. AR   73.85        National Housing for Professio   14.39        El Ahli Investment and Develop   4.87        Egyptian Saudi Finance Bank   10.79        Ismailia National Food Industr   5.16        National Societe Generale Bank   25.52        Acrow Misr   19.16        Alexandria Mineral Oils Compan   63.63        Paper Middle East (Simo)   5.59        Egypt Aluminum   12.31        Giza General Contracting   13.12        Middle Egypt Flour Mills   5.82        Extracted Oils   0.6        Assiut Islamic Trading   4.56        Engineering Industries (ICON)   3.95        North Cairo Mills   15.3        Arab Pharmaceuticals   11.88        Grand Capital   5.38        El Ahram Co. For Printing And    10.68        Minapharm Pharmaceuticals   25.49        El Arabia Engineering Industri   13.52        El Nasr For Manufacturing Agri   9.71        Naeem portfolio and fund Manag   1.7        Faisal Islamic Bank of Egypt -   6.76        Natural Gas & Mining Project (   68.26        Housing & Development Bank   13.95        East Delta Flour Mills   31.5        Orascom Development Holding (A   3.22        Memphis Pharmaceuticals   11.12        Abou Kir Fertilizers   134.23        Delta Insurance   5        Cairo Investment & Real Estate   12.18        Cairo Oils & Soap   12.98        Egyptian Arabian (cmar) Securi   0.36        Egyptian Real Estate Group Bea   15.56        Alexandria Containers and good   85.51        Upper Egypt Flour Mills   45.78        Development & Engineering Cons   9.94        Sinai Cement   15.18        Medical Union Pharmaceuticals   28.01        Torah Cement   24.2        Alexandria New Medical Center   46.55        Export Development Bank of Egy   5.04        Egyptian Company for Mobile Se   92.02        Middle & West Delta Flour Mill   32.7        El Kahera El Watania Investmen   4.18        Mansourah Poultry   12.41        Delta Sugar   11.04        Misr Beni Suef Cement   41.21        Egyptian Satellites (NileSat)   6.14        Cairo Educational Services   17.75        Lecico Egypt   7.55        Sharm Dreams Co. for Tourism I   5.3        General Silos & Storage   10.77        Al Moasher for Programming and   0.66        UTOPIA   5.28        Arab Ceramics (Aracemco)   25.4        Barbary Investment Group ( BIG   0.98        


The Watch - forex news

Amwal Al Ghad English - 2017-10-21 07:35:05
Gold prices fell on Friday after the Senate approved a budget blueprint that paves the way for tax cuts, causing stocks, the dollar and bond yields to rise. The Republican-controlled Senate voted by 51-to-49 late on Thursday for the measure, clearing a hurdle for tax cuts that would add up to $1.5 trillion to the federal deficit over the next decade. Investors betting on faster economic growth as a result bought riskier assets while bond holders reduced their positions on worries that inflation and federal borrowing could rise. Higher bond yields increase pressure on bullion because gold does not offer a yield, while a stronger dollar makes it more expensive for holders of other currencies. Investors may also see tax cuts as a cause for higher U.S. interest rates, said INTL FCStone analyst Edward Meir. Higher rates would push up bond yields and the dollar. Spot gold was down 0.79 percent at $1,279.21 an ounce at 3:03 p.m. ET. Gold was down 1.94 percent on the week. U.S. gold futures for December delivery were 0.89 percent lower, settling at $1,280.7 an ounce. "We seem to once again be ready to test technical support around $1,275-$1,270," said Mitsubishi analyst Jonathan Butler. "If we look at the chart, it's a classic head and shoulders pattern here and the danger is we'll break lower to a level at $1,250 or even below." Analysts at Commerzbank said gold's failure to remain above $1,300 could prompt speculative investors betting on higher prices to exit their positions, pushing prices lower. The net long position of money managers in Comex gold has fallen from a peak in early September but is still at an elevated level. Meanwhile, President Donald Trump could announce his choice for the next chair of the U.S. Federal Reserve as early as next week after he interviewed five candidates including current chief Janet Yellen. A report on Thursday suggested Trump was leaning towards Fed Governor Jerome Powell, perceived as a less hawkish candidate. The European Central Bank is expected to say on October 26 it will start trimming its monthly asset purchases to 40 billion euros from 60 billion euros in January, a Reuters poll showed. In other precious metals, silver was down 1.08 percent at $17.016 an ounce, taking its fall this week to around two percent. Platinum was up 0.25 percent at $919.24 an ounce and palladium was up 1.42 percent at $972.15. More»
Amwal Al Ghad English - 2017-10-21 07:32:17
Oil prices were mostly flat on Friday in see-saw trade, under pressure from weak U.S. demand but drawing support from a sharp decline in Iraqi crude exports due to tensions in the Kurdistan region. U.S. West Texas Intermediate (WTI) crude futures ended Friday's session 18 cents higher at $51.47 per barrel and were flat for the week. Brent crude futures, the international benchmark for oil prices, were up 29 cents at $57.52 per barrel by 2:10 p.m. ET (1810 GMT). "We've continued to see signs that the market needs a steady drumbeat of positive information," said Gene McGillian, director of market research for Tradition Energy. "This week's DOE report where gasoline demand dropped to its lowest since March gave a little pause to that." Oil exports from Iraq's Kurdistan towards the Turkish port of Ceyhan were flowing at average rates on Friday of 216,000 barrels per day versus the usual flows of 600,000 bpd, a shipping source said. Iraqi troops regained control of two major oilfields northwest of Kirkuk from Kurdish Peshmerga forces this week, and the oil ministry in Baghdad expects to bring the fields back on stream on Sunday. In a major development, Russia's biggest oil company, Rosneft, has agreed to take control of Iraqi Kurdistan's main oil pipeline in a $1.8 billion investment. Olivier Jakob, chief strategist at consultancy Petromatrix, said the deal with Rosneft "makes it a bit harder for Baghdad to do anything against those flows." Despite the losses on Friday, analysts say the market is on a path towards rebalancing. "The oil market has moved into modest undersupply and we expect this will persist at least through the end of the year," U.S. investment bank Jefferies said. U.S. commercial stocks of crude oil have dropped 15 percent from their March records, to 456.5 million barrels, below levels seen last year. Part of this drawdown has been due to rising exports as a result of the steep discount of U.S. crude to Brent, which makes it attractive for American producers to export their oil. The U.S. oil rig count fell for a third week in a row, extending a two-month drilling decline, although producers have sharply ramped up bets against a fall in oil prices, which could spur another investment surge. The oil rig count fell seven to 736 in the week to Oct. 20,the lowest level since June, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. Additionally, crude futures price curves are in backwardation, which makes it attractive to sell produced oil immediately rather than store it for later dispatch. Shipping data in Thomson Reuters Eikon shows that overseas U.S. crude oil shipments have soared from virtually zero before the government loosened export restrictions in late 2015 to around 2.6 million bpd in October. "While outbound shipments recently approached two million bpd, our math suggests that physical bottlenecks are unlikely to kick in until waterborne exports approach 3.2 million bpd," RBC Capital Markets said. More»
Amwal Al Ghad English - 2017-10-21 07:28:58
Dollar prices made its biggest daily gain in a month on Friday and posted a weekly increase for the fifth time in six weeks as progress on U.S. tax reforms raised prospects of a fiscal lift to the economy, bolstering investor appetite for risk. The dollar hit a three-month high against the Japanese yen, to 113.48 yen, and a five-month high against the Swiss franc, touching 0.9847 franc. Traders seek the yen and Swiss franc in times of uncertainty and fear, and sell the currencies when they favor riskier assets. "This is clearly a picture of somewhat of a risk-on rotation today, and its ignited some of the animal spirits as we take another step closer to the potential for tax reform coming to fruition," said Bill Northey, chief investment officer at the Private Client Group at U.S. Bank in Helena, Montana. "Because from the standpoint of what has the potential to impact economic trajectory and capital markets trajectory, it really is tax reform." Senate approval of a budget blueprint on Thursday for the 2018 fiscal year cleared a critical hurdle for Republicans to pursue a tax-cut package without Democratic support. Investors also have viewed as bullish for the dollar remarks this week from Chair Janet Yellen and other officials of the Federal Reserve that suggest the central bank is moving forward with another rate hike this year. The dollar briefly fell on news that Trump was considering nominating John Taylor and Jerome Powell to the top two posts at the Fed, one as chair and one as vice-chair, and on news Yellen had lunched at the White House with Trump adviser Gary Cohn. It quickly retraced those losses. The dollar's strength dragged the euro down 0.62 percent to $1.1777 ahead of a European Central Bank meeting next week in which policymakers are seen cutting bond purchases but voting for an extension in stimulus. Enhanced risk appetite also helped boost the euro to its highest against the Swiss franc since January 2015, when the Swiss National Bank scrapped its peg with the euro. Ahead of national elections in Japan on Sunday, surveys suggest Prime Minister Shinzo Abe's ruling coalition is on track roughly to match the two-thirds "super majority" it held in parliament's lower house before the snap vote was called. The New Zealand dollar sank to a five-month low on concerns the new Labour coalition will take a harder stance on immigration and foreign investment than the outgoing center-right government. More»
Amwal Al Ghad English - 2017-10-19 10:20:48
The euro was on the rise on Thursday as investors awaited a key deadline in the running crisis between Spain and Catalonia over independence for the rich northeastern region. Meanwhile, the dollar continued to fall. Where currencies are trading The ICE U.S. Dollar Index, which gauges the dollar against six other currencies, eased 0.04% at 93.320. The WSJ Dollar Index, a measure of the greenback against a broader basket of 16 rivals, fell 0.05% to 86.71. The euro moved higher against the dollar to $1.1811, compared with $1.1787 late Wednesday. Against the yen the dollar fetched ¥112.92 versus ¥112.92 late Wednesday. The British pound was buying $1.3193, compared with $1.3204 late Wednesday in New York. The greenback eased against the Swiss franc, falling to 0.9798 francs from 0.9817 francs. More»
Amwal Al Ghad English - 2017-10-19 06:23:14
Gold prices touched the lowest in more than one week on Thursday, as the dollar stood firm on rising U.S. Treasury yields, with investors focusing on who would replace Janet Yellen as the next chair of the Federal Reserve. Spot gold was down 0.2 percent at $1,277.86 an ounce as of 0347 GMT after earlier hitting its lowest since Oct. 9 at $1,276.44. U.S. gold futures for December delivery fell 0.3 percent to $1,279.80 per ounce. "Depending on how the dollar goes, we might look at $1,250-60 as the next stop for gold to trade down. We don't see immediate upward catalyst for gold except for North Korea," said Richard Xu, a fund manager at China's biggest gold exchange-traded fund, HuaAn Gold. The dollar hit its highest in about two weeks versus the yen, supported by this week's rise in U.S. bond yields, with U.S. President Donald Trump set to make a decision in the"coming days" on Yellen, who is also one of the five candidates being considered for the job. U.S short-dated treasury yields jumped on expectations of tighter global monetary policy. Higher interest rates tend to boost the dollar and push bond yields up, putting pressure on gold by increasing the opportunity cost of holding non-yielding bullion. U.S. interest rates futures saw modest losses on Wednesday after the release of the Fed's Beige Book, but traders still saw an 80 percent chance of the U.S. central bank raising rates in December. The economy expanded at a modest to moderate pace in September through early October, despite the impact of hurricanes on some regions, the Fed said its latest snapshot of the U.S. economy. "Looks like fundamentally the (U.S.) economy is doing pretty well, so that will also put downward pressure on gold," Xu said. Spot gold may drop more to $1,263 per ounce, as it has cleared a support at $1,281, Reuters technicals analyst Wang Tao said. An overhaul of the U.S. tax code to make it simpler and more broad-based should foster business investments and productivity, boosting overall domestic economic growth, said New York Federal Reserve President William Dudley on Wednesday. In other precious metals, silver slipped 0.2 percent to $16.94 an ounce, while platinum fell 0.4 percent to $914.50 an ounce and palladium was up 0.8 percent at $960.10 an ounce. Platinum and palladium hit one-week lows earlier in the session. More»
Amwal Al Ghad English - 2017-10-19 06:19:44
Oil prices were stable on Thursday, supported by ongoing OPEC-led supply cuts, tensions in the Middle East and lower U.S. production due to hurricane-enforced closures. Brent crude futures were at $58.10 at 0411 GMT, slightly lower than their last close, but around 30 percent above mid-year levels. U.S. West Texas Intermediate (WTI) crude was at $51.97 per barrel, also down a touch from its last settlement, but almost a quarter higher than in June. The U.S. Energy Information Administration said on Wednesday that U.S. crude inventories fell by 5.7 million barrels in the week to October 13, to 456.49 million barrels. U.S. output slumped by 11 percent from the previous week to 8.4 million barrels per day (bpd), its lowest since June 2014 as production had to be shut because of tropical storm Nate, which hit the U.S. Gulf coast earlier in October. Analysts said there was also a risk to supply from political instability in areas ranging from the Middle East to South America. "The 'Fragile Five' petrostates - Iran, Iraq, Libya, Nigeria, and Venezuela -continue to see supply disruption potential, with northern Iraq crude exports at risk due to an escalation of tensions between the (Kurdistan Regional Government), Baghdad and Turkey, while the U.S. has decertified the 2015 Iran nuclear deal," said U.S. bank Citi. Iraqi forces this week captured the Kurdish-held oil city of Kirkuk, responding to a Kurdish independence referendum, triggering fears of supply disruptions. Adding to these tensions, U.S. President Donald Trump last week refused to certify Iran's compliance over a nuclear deal, leaving Congress 60 days to decide further action against Tehran. During the previous round of sanctions against Iran, some 1 million bpd of oil was cut from markets. And analysts see crude supply tightening further as the Organization of the Petroleum Exporting Countries (OPEC) and partners, including Russia, are expected to extend a deal to curb production beyond its expiry date next March. "OPEC is desperate to bring the market into equilibrium and mop up as much of the excess stockpiles ... I am expecting OPEC and Russia to agree on a further 9-month extension to production cuts," said Shane Chanel, equities and derivatives adviser at ASR Wealth Advisers. Political risk consultancy Eurasia Group said Saudi Arabia's plans to list state-owned oil giant Aramco would increase pressure for extended production cuts. "Saudi Arabia will seek a production sharing agreement extension ... as an IPO (of Saudi Aramco) remains part of the long-term plan," the consultancy said. "Price stability will remain a core part of the strategy ... The government still needs higher oil revenue to support its spending needs and reform program." More»
Amwal Al Ghad English - 2017-10-19 06:16:48
Dollar prices hit its highest in about two weeks against the yen on Thursday, supported by this week's rise in U.S. bond yields, with the market's attention turning to who will next lead the Federal Reserve and this weekend's Japanese election. The dollar index, which tracks the U.S. currency against a basket of six major rivals, was slightly higher on the day at 93.389. The dollar rose as high as 113.095 yen in early Asian trade, its strongest level since Oct. 6. The dollar last changed hands at 112.97 yen, steady from late U.S. trade on Wednesday. This week's rise in U.S. bond yields helped lend support to the greenback. The two-year U.S. Treasury yield rose to its highest since November 2008 on Wednesday on the back of expectations for tighter global monetary policy. The benchmark U.S. 10-year Treasury yield touched a one-week high of 2.352 percent on Wednesday, and last stood at 2.342 percent, having risen six basis points so far this week. "In order for expectations of tighter U.S. monetary policy to increase, we will need to see more evidence to confirm that U.S. inflation is rising," said Kumiko Ishikawa, FX analyst at Sony Financial Holdings in Tokyo. The dollar's rise against the yen was likely to be capped by uncertainty ahead of this weekend's election in Japan. Most polls show Japanese Prime Minister Shinzo Abe's coalition on track to secure a roughly two-thirds majority in Sunday's general election, ushering in continued political and monetary stability. More»
Amwal Al Ghad English - 2017-10-18 06:26:04
Gold prices inched up on Wednesday from a one-week low with the dollar holding steady, but speculation that President Donald Trump might pick a policy hawk to lead the U.S. Federal Reserve weighed on the metal. Spot gold was up 0.1 percent to $1,286.10 an ounce at 0053 GMT. It hit a one-week low of $1,281.31 in the previous session. U.S. gold futures for December delivery rose 0.2 percent at $1,288.3 per ounce. The dollar index, which measures the greenback against a basket of currencies, was little changed at 93.449 after gaining for four straight days. Asian shares consolidated recent gains and currencies kept to tight ranges on Wednesday as investors waited to see what policies might emerge from China's Communist Party conference. U.S. President Donald Trump has a pool of five candidates to choose from for the next chair of the Federal Reserve and is likely to announce his choice before going to Asia in early November, a source familiar with the situation said on Tuesday.Jerome Powell likely will be the next Federal Reserve chairman, according to a slim majority of economists in a Reuters poll - but most of them said current Fed Chair Janet Yellen would be the best option. The Federal Reserve Bank of Kansas City in September voted to raise the rate commercial banks are charged for emergency loans, according to minutes of a U.S. central bank meeting released on Tuesday. U.S. industrial production rebounded modestly in September as the lingering effects of Hurricanes Harvey and Irma hobbled activity at factories, but the outlook for the industrial sector remains bullish amid a strengthening global economy and weakening dollar. The price of gold is expected to rise to $1,369 an ounce by October next year, delegates to the London Bullion Market Association's annual gathering predicted on Tuesday. Open interest on the London Metal Exchange's (LME)precious metals contracts has topped 3 million ounces of gold, the exchange said, as it tries to muscle into a futures business dominated by rival CME Group. India's Multi Commodity Exchange (MCX) on Tuesday launched the country's first gold options contract in New Delhi to coincide with the gold-buying festival of Dhanteras. More»
Amwal Al Ghad English - 2017-10-18 06:22:52
Oil prices rose on Wednesday, lifted by a fall in U.S. crude inventories and concerns that tensions in the Middle East could disrupt supplies. Brent crude futures, the international benchmark for oil prices, were at $58.27 at 0131 GMT, up 39 cents, or 0.7 percent from their last close - and a third above mid-year levels. U.S. West Texas Intermediate (WTI) crude futures were at $52.08 per barrel, up 20 cents, or 0.4 percent and almost a quarter above mid-June levels. Traders said that prices were pushed up by a drop in U.S. crude inventories as well as concerns that fighting in Iraq and mounting tensions between the United States and Iran could affect supplies. U.S. crude inventories fell by 7.1 million barrels in the week to Oct. 13 to 461.4 million barrels, the American Petroleum Institute (API) said late on Tuesday. "API data from the U.S. overnight showed a big draw...If $52.83 in WTI and $59.22 in Brent give way, then oil is stepping into a new and much higher range," said Greg McKenna, chief market strategist at futures brokerage AxiTrader. Official U.S. fuel inventory data is due to be published later on Wednesdayby the Energy Information Administration. Adding to a tightening U.S. market, tensions in the Middle East meant that a risk premium was being priced into oil markets. Iraqi government forces captured the major Kurdish-held oil city of Kirkuk earlier this week, responding to a Kurdish independence referendum, and there are concerns that fighting could disrupt supplies. "In the case of Kurdistan, the 500,000 barrel-per-day (bpd) Kirkuk oil field cluster is at risk," U.S. bank Goldman Sachs said on Tuesday. The Iraq crisis adds to a looming dispute between the United States and Iran. Last Friday U.S. President Donald Trump last week refused to certify Iran's compliance over a nuclear deal, leaving Congress 60 days to decide further action against Tehran. During the previous round of sanctions against Iran, some 1 million bpd of oil was cut from global markets. More»
Amwal Al Ghad English - 2017-10-18 06:19:28
Dollar prices held an upper hand against other major currencies on Wednesday as investors weigh the possibility that U.S. President Donald Trump will choose a more hawkish Federal Reserve chief with than the current chair, Janet Yellen. The dollar index stood at 93.475, extending its rebound from Friday's 2 1/2-week low of 92.749. It rose as high as 93.729 on Tuesday. With the Federal Reserve expected to raise interest rates for the third time this year in December, markets are now looking to who will lead the Federal Reserve after Yellen's term expires next February. Trump has a pool of five candidates to choose from for the next chair of the Federal Reserve and is likely to announce his choice before going to Asia in early November, a source familiar with the situation said on Tuesday. "Who will be the next Fed Governor is the most important focus of the market now," said Yukio Ishizuki, senior strategist at Daiwa Securities. "But whoever it will be, the Fed is going to continue policy normalization and U.S. interest rates will be higher next year," he added. The dollar got an extra boost this week after Stanford University economist John Taylor emerged as a major candidate. Taylor is known as a proponent of a rule-based monetary policy and according to his formula, known as the Taylor rule, the Fed funds rate needs to be much higher than the current target of 1.0-1.25 percent. Thus investors bet he could raise interest rates faster. As the dollar gained broadly, the euro slipped to $1.1770, little changed in early Asian Wednesday trade but down 0.5 percent so far on the week. However, the dollar made less headway against the yen, as investors remain hesitant to take big positions ahead of Japan's election on Sunday. Although Prime Minister Shinzo Abe's ruling party is expected to maintain a solid majority, the memory of recent election upsets in the United Kingdom and elsewhere has kept investors cautious. The dollar fetched 112.22 yen, little changed on the day. The British pound wallowed at $1.3193 having fallen 0.5 percent on Tuesday after comments by Bank of England policymakers were interpreted by markets as dovish. The Bank of England's new deputy governor distanced himself from the central bank's majority view that interest rates probably need to rise soon, and another newcomer said her support for that position was "very contingent on the data". Prior to that, Data on Tuesday showed British inflation hit 3 percent in September, its fastest pace in more than five years and above the BoE's 2 percent target. More»