Sterling had a poor day yesterday weakening close to a 2 week low against the euro and a 6 week low against the US dollar whilst remaining fairly flat against the commodity backed currencies. The UK trade balance figures is the main release today; however, the markets will focus on the news released elsewhere so call in now for the latest news and a live quote.

The euro had a strong day yesterday strengthening against the majority of currencies as the People’s Bank of China confirmed its intention to continue to invest in the Euro zone. The markets anticipate that the euro zone finance ministers will shortly agree that Greece is entitled to its second bailout after meeting the conditions it was set. The markets will then look towards developments in Spain as the country is due to miss its deficit target this year. Despite some expected clarity with regards to Greece, the deep-set problems for the Euro zone still persist so call in now for the latest news and a live quote.

The US dollar had a fairly strong day strengthening against the majority of currencies but weakened off against the euro as risk aversion was the main driver in the market. Retail sales data and the statement from the Federal Open Market Committee (FOMC) will be the main releases from the US today giving a clear indication of how the central bank sees the country's economic outlook thus leading to what monetary policies may be implemented going forwards. Call in now for the latest update and the latest news.

Elsewhere, the commodity backed currencies had a poor day yesterday as risk aversion drove the market once more. The Official bank rate decision for Japan was released early this morning with the markets anticipating no change. Call in now for the latest update and the latest news.

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