Wednesday, April 21, 2010

Inflation data pushes pound higher

  • sterling advanced on Tuesday stronger than expected. Inflation data raised the speculation that Bank of England would raise interest rate sooner.
  • UK consumer  price inflation  rose to 3.4% in March  from 3% in February.
  • Japan's Nikkie average dipped 0.1% on Tuesday after its biggest percentage fall in two months.
The Nikkie spent much of the day in positive territory, initially getting some respite after Monday's
1.7% slide.But the rise came in low trading volume, a sign that bounce lacked momentum.

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