Pound Gains on U.K. GDP, S&P 500 Futures Rise With Gold

Posted by Forexsq 545 days ago (http://www.bloomberg.com)
img The pound strengthened the most in a month against the dollar and gilts fell after a report showed the U.K. economy avoided a triple-dip recession. European stocks were little changed, while the yen appreciated and gold climbed to a 10-day high.

Sterling climbed 1.1 percent to $1.5436 at 10:20 a.m. in London, the most since March 14, and the 10-year yield rose four basis points to 1.72 percent. Japan’s currency advanced 0.3 percent to 99.22 per dollar after the Ministry of Finance said Japanese investors were net sellers of overseas debt for a sixth week through April 19. Gold jumped 1.1 percent as central banks in Russia and Kazakhstan raised purchases of the metal. Silver climbed 0.7 percent. The Stoxx Europe 600 Index rose 0.1 percent and Standard & Poor’s 500 Index futures added 0.2 percent.


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