Pound Falls Against Most Majors

The British pound weakened against most major currencies in the European session on Wednesday. The pound fell to nearly a 2-month low of 190.75 against the yen, from an early high of 192.41. Against the Swiss franc and the euro, the pound edged down to 1.1119 and 0.8356 from early highs of 1.1143 and 0.8333,...

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U.S. Q3 GDP Growth Unrevised At 2.8%

The jump by U.S. economic activity in the third quarter was unrevised compared to the previous estimate, according to a report released by the Commerce Department on Wednesday. The Commerce Department said gross domestic product surged by 2.8 percent in the third quarter, unchanged versus the advance estimate issued last month. The report said upward...

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