An okay day for sterling yesterday holding its own or even gaining against some currencies. The UK Confederation of British Industry (CBI) figures showed that the level of consumer spending in the UK was much better than predicted climbing to an eight month high. Out today the main UK release is the Inflation Report and one of the members of the Bank of England is also speaking. Call in now for the latest update and the latest news.

In Europe yesterday, the German Preliminary Consumer Price Index CPI figures released were better than expected and data revealed that the general economic confidence in the Euro zone has improved more than markets had anticipated. In other news, Ireland has decided to hold a referendum on whether or not to sign the European Fiscal Treaty which will enforce tighter budget rules for Ireland and the other Euro zone nations. It would appear that the vote is effectively a decision whether or not to stay in the euro. The main news out of Europe today will be the result of the parliamentary elections in both Finland and the Netherlands. Call in now for the latest update and the latest news.

In the US today, the markets were shocked by the poor durable goods data released; however, the consumer confidence figures were better than the markets had anticipated and have reached the highest level in a year. Preliminary GDP data is released out of the states today and following the announcement the Chairman of the Federal bank will testify providing further insight into the world’s largest economy. Call in now for the latest update and the latest news.

Elsewhere, the Swiss National Bank Governing Board’s Interim Chairman was speaking yesterday; but, surprisingly didn't mention the €1.20/Chf1 peg which is still under threat; whilst the unemployment data released came in as expected. Out late last night and first thing this morning a raft of data was released including business confidence figures from New Zealand, retails sales data from Australia and Switzerland’s economic barometer figures. Call in now for the latest update and the latest news.


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