Sterling had a poor day on Friday weakening off against the majority of currencies but strengthening against the US dollar. The only significant data revealed on Friday showed that nationwide consumer confidence was worse than expected creating yet more negativity towards the state of the UK’s economy. The main data out of this week is the trade balance figures and the final quarterly GDP data so call in now for a live quote and the latest update.

The euro had a mixed day on Friday strengthening against both the US dollar and the euro; but, weakening off against the majority of other currencies. Contagion fears spread in the eurozone as Spanish bond yields rose on Friday creating more rumours that Spain could be the new Greece. The main release this week is the German business climate index, any variation from the expected values could create volatility in the market so call in now for the latest update and the latest news.

The US dollar had a very poor day on Friday, weakening off against the majority of currencies as data revealed that the number of new home sold was less than anticipated. This week there is a raft of data out of the US including more labour data in the form of unemployment claims, US consumer confidence and the Chairman of the Federal Bank is also speaking. With not much data out in the rest of the world the markets will look to the US for influence so call in now for a live quote and the latest news.

Elsewhere, the Canadian dollar weakened off against the US dollar as data revealed that the price of goods and services purchased by consumers in Canada rose by more than the markets had predicted. This week’s main data includes trade balance figures from New Zealand, New Zealand’s business confidence index and Canadian GDP data. Call in now for the latest update and the latest news.

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