Sterling had a strong day on Friday breaking through new resistance hitting a 22 month high of 1.2292 against the euro and an 8 month high of 1.6279 against the US dollar as news from Europe and the US drove the market. If the manufacturing, construction and services Purchasing Managers' Index (PMI) figures released this week are poor, sterling will be under pressure following the weak GDP figures last week. Call in now for the latest update and a live quote.

The euro had a very poor start to the day on Friday as Standard and Poor’s (one of the big three credit rating agency's) downgraded Spain two notches from A to BBB+ whilst giving Spain a negative outlook. A relatively solid Italian bond auction saw the euro recover somewhat during the day and the euro hit a 2.5 week high against the US dollar of 1.3270. This week, the European Central Bank’s is expected to keep rates unchanged; furthermore, any news regarding Spain or the French elections could move the market significantly; so call in now the latest news and a live quote.

The US dollar had a poor day on Friday as worse than expected GDP data caused more speculation that the Federal Reserve may look to implement further Quantitative Easing. The Institute for Supply Management (ISM) PMI indices and the influential non-farm payroll data release will be some of the main drivers in the global foreign exchange market this week. Any variation away from the expected values has caused a lot of volatility in the past; so call in now for the latest update and a live quote.

Elsewhere, the Australian and New Zealand dollar performed well on Friday as did the Japanese yen as the Bank of Japan voted unanimously to increase its asset purchase facility by 5 trillion yen. This week, the Reserve Bank of Australia is expected to announce a 25 basis points cut in its interest rate this week to 4.00% with the markets anticipating a further 25 basis point cut in June. Other data out this week includes Chinese Manufacturing PMI, Canadian GDP data and unemployment data from New Zealand. Call in now for a live update and the live quote.

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Sterling had a volatile week hitting fresh 20 month highs of 1.2275 against the euro and fresh 6 month highs of 1.6205 against the US dollar despite a raft of bad data being released. The UK is now in a technical recession after preliminary GDP figures showed the economy unexpectedly slumped by -0.2% in the last quarter. These figures are being disputed by certain economists who are still adamant that the UK grew last quarter; however, irrespective to the true figure it is evident that the economy is very weak. Furthermore, data released this week showed that the total government debt now exceeds the £1 trillion mark for the first time ever. Sterling remains fairly strong despite the poor data released; we will have to see if this pattern continues. Call in now for the latest news and a live quote.

The euro had a poor start to the week as a raft of poor services and manufacturing Purchasing Managers' Index (PMI) data released in the Eurozone caused the euro to weaken off against the majority of currencies. Developments in the French presidential elections have unsettled the markets as the Franco-German relationship at the centre of the Eurozone could be broken if Sarkozy loses the election. On the agenda today is Italy’s benchmark 10 year bond auction, consumer climate figures from Germany and French consumer spending. Call in now for a live update and the latest news.

A raft of poor data including jobless claims, consumer confidence and declining new home sales figures hinted that the Federal Open Market Committee (FOMC) may implement further quantitative easing this week; however, no such suggestion was made. The FOMC actually improved its forecasts for the US economy; but, did suggest that quantitative easing could be increased if it was deemed necessary. Advanced GDP data is released today; however, much like the preliminary data in the UK it is often revised at a later data. Despite the potential inaccuracy figures often cause a lot of volatility so call in now for a live quote and the latest news.

Elsewhere, the Australian dollar performed poorly this week as poor quarterly Consumer Price Index (CPI) and Producer Price Index (PPI) figures were released. The Indian rupee weakened off to a 3.5 year low against sterling. Canadian retail sales fell by more than anticipated in February. The Reserve Bank of New Zealand’s announced that it was keeping its official cash rate on hold at 2.5%. The Bank of Japan's rate decision, press conference and monetary policy statement were all announced late last night; but, there is not a great deal of data out during the rest of the day. Call in now for the latest news and a live quote.

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Sterling weakened off against the majority of currencies yesterday morning as quarterly GDP figures released showed that the UK is now technically back in recession; the first double dip recession since the 1970’s. The news that the UK is now back in recession has prompted a call for further quantitative easing from certain sectors of the market; however, the asset purchase program is still expected to be kept on hold next month. There is very little market data out of the UK today except mortgage approval figures; as a result, the market will look elsewhere for influence so call in now for a live quote and the latest news.

The euro had a mixed day yesterday strengthening against sterling in the morning following the poor GDP figures released in the UK; but, came under pressure against the majority of currencies as the day progressed. Yesterday, the ECB president called for a “growth compact” as the measures currently employed are not having the desired effect. The German Chancellor backed this idea stating that “structural reforms” need to be implemented. The Eurozone still remains on a knife edge, and any news could cause a lot of volatility so call in now for a live update and a live quote.

In the US, durable goods orders dropped sharply yesterday with the worst fall seen since 2009; but, the big news was the Federal Open Market Committee (FOMC) improving its forecasts for the US economy; furthermore, there was a distinct lack of mention for further quantitative easing which calmed the markets. Unemployment claims figures and the monthly change in the number of homes under contract to be sold are the main releases on the agenda today. Call in now for the latest news and a live quote.

Elsewhere, the commodity backed currencies performed well yesterday with the Canadian and Australian dollars recovering fairly well from earlier in the week. Late last night, the Reserve Bank of New Zealand’s official cash rate decision was announced and the governor of the Bank of Canada was also speaking. Call in now the latest news and a live quote.

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Sterling reached a fresh 6 month high of 1.6160 against the US dollar whilst pushing slightly higher against the euro reaching 1.2275; before weakening off sharply in the afternoon. Public sector borrowing for March came in above market expectations reaching £15.8 billion meaning that the total debt now exceeds the £1 trillion mark for the first time ever. Today’s quarterly GDP data will be watched closely by investors as clear sign of economic health in the country. Call in now for the latest news and a live quote.

The euro started the day under a lot of pressure before rallying against the majority of currencies as successful debt auctions from Spain and Italy boosted market confidence. The European Central Bank’s president is speaking first thing this morning and should provide some insight on the state of the economy in the Eurozone. Call in now for a live update and the latest news.

US consumer confidence missed markets expectations yesterday whilst declining new home sales figures led to further speculation that the Federal Open Market Committee (FOMC) could announce more quantitative easing today. The FOMC statement, press conference and economic projections will be the main news on the agenda today; with investors playing close attentions to the announcements; so, call in now for the latest news and a live quote.

Elsewhere, the Australian dollar performed poorly yesterday as quarterly as Consumer Price Index (CPI) showed inflation rose by much less than expected, hinting at a potential interest rate cut next month. Canadian retail sales also fell by more than anticipated in February. Late last night, the Reserve Bank of New Zealand’s official cash rate decision will be announced and the governor of the Bank of Canada will be speaking. Call in now the latest news and a live quote. 

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Sterling hit fresh highs of 1.2270 against the euro yesterday as fears surrounding the Eurozone were once more at the forefront of traders' minds. The main release today will be the public sector net borrowing figures which the markets will keep a close eye on to see if there is any movement away from the expected £15.6 billion value. With sterling buoyed by positive sentiment from last week, we will have to watch closely how the markets react to the data released over the next few days; so call in now for a live quote and the latest news. 

A raft of poor services and manufacturing Purchasing Managers' Index (PMI) data released in the Eurozone caused the euro to weaken off against the majority of currencies yesterday. Uncertainty continued to spread in the region as the developments in the French presidential elections unsettled the markets. With little actual data released today, the markets will look towards the data released in the UK, the US and any news out of the Eurozone in general for influence. Call in now for the latest news and a live update.

The US dollar performed well yesterday strengthening against the majority of currencies due to its safe haven status as risk aversion drove the market. Data released today includes retail sales, consumer confidence and new home sales figures all of which have the potential to cause volatility in the markets, so call in now for a live quote and the latest update.

Elsewhere, the Australian dollar was one of the worst performing currencies yesterday as weaker than expected Australian Producer Price Index (PPI) figures were released and risk aversion was one of the main drivers in the market. The Japanese yen was strong yesterday due to its safe haven status. The Australian Consumer Price Index (CPI) was released late last night and the other main data on the agenda is Canadian retail sales and a member of the Bank of Canada is also speaking. Call in for the latest news and a live quote.

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Sterling had a strong start to the day on Friday strengthening against the majority of currencies as monthly retail sales figures came in much better than anticipated, with sterling reaching a 6 month high against the US dollar of 1.6140. This week’s main releases include figures for public sector net borrowing and the preliminarily quarterly GDP data which investors hope will be positive following Fridays upbeat retail sales figures. Call in now for a live update and a live quote.

The Euro had a very strong day on Friday strengthening against the majority of currencies as German IFO business climate figures came in much better than expected. Contrary to this positive sentiment, Spain’s benchmark 10 year bond yield breached the 6% level again on Friday causing yet more concern for the troubled nation. Euro zone Purchasing Managers' Index (PMI) is the main release from the region this week; moreover, the European Central Bank’s president is also speaking. The markets will still keep a very close eye on the developments in Spain which have moved the markets a great deal recently. Call in now for the latest news and a live quote.

The US dollar performed poorly on Friday as the markets absorbed positive data released from both the UK and Germany and in anticipation of the Federal Open Market Committee (FOMC) announcements this week. This week the markets will pay very close attention to the FOMC’s interest rate decision and the influential press conference that follows; with some market leaders expecting the report to hint at the potential for further quantitative easing. There is a whole raft of other data released this week which includes GDP data, jobless claims and consumer confidence. With such a large amount of data released this week there is the potential for volatility so call in now for the latest news and a live update.

Elsewhere, the Japanese yen performed poorly on Friday and Canadian core CPI released came in as markets had predicted. The Bank of Japan and Reserve Bank of New Zealand’s official cash rate decisions will be watched closely by investors this week. Furthermore, Australian Producer Price Index (PPI) and Consumer Price Index (CPI); Chinese manufacturing PMI and Canadian retail sales are also released so call in now for the latest news and a live update.

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Sterling performed extremely well this week reaching a 20 month high of 1.2250 against the euro, a 5 month high against the US dollar of 1.6075 and strengthened against the majority of other currencies. The main news this week was that the Bank of England’s policy meeting minutes revealed that one less MPC member voted to increase quantitative easing compared to last month which saw sterling rally against the majority of currencies. Furthermore, figures this week showed that the number of new people claiming unemployment benefits rose by less than expected and the unemployment rate also dropped. Monthly retail sales figures are the main release on the agenda today; we will have to see if the figures support the positive sentiment towards sterling this week. Call in now for the latest news and a live quote.

The euro ended the week fairly strong against the majority of currencies apart from sterling despite a raft of poor data released. Fears that Spain could become the new Greece were at the forefront of trader’s minds this week. Worse than expected Eurozone current account figures and poor expected Eurozone confidence did little to help matters. Furthermore, the International Monetary Fund (IMF) lowered Europe’s growth forecasts to a contraction of -0.3% in 2012 and Spain is expected to contract by -1.8%. The main data released today will b German business climate sentiment data which will go some way to show the present confidence from the region's largest economy. With the main focus remaining on the developments in Spain there is the potential for large movements in the market; so call now for a live update and a live quote.

The US dollar had a mixed week as the positivity in the US at the start to the week due to better than expected retail sales figures and building permits was countered by a raft of disappointing data including weekly jobless claims figures and existing home sales. The International Monetary Fund (IMF) raised global growth estimates in 2012 from 3.3% to 3.5%; also, raising the US growth estimate from 1.8% to 2.1%. There is very little data out of the US today as the markets will look elsewhere for influence; so, call in now for the latest update and a live quote.

Elsewhere, there was a raft of information out this week which included the Bank of Japan hinting that it will expand its easing program. Sweden's central bank announced that it was keeping interest rates on hold at 1.5%. The Bank of Canada left the central bank rate unchanged and suggested that economy will be stronger in 2012 than it had originally forecast. The Reserve Bank of India cut its central bank rate by 50 basis points. The Reserve Bank of Australia meeting minutes suggested that interest rates could be cut if inflation remains low. China announced that it will now allow its currency (the RMB) to fluctuate up and down by 1% against the USD. The Core Consumer Price Index (CPI) figures from Canada is the main release today after a busy week; so call in now for an update and the latest news. Get a live quote and/or more information from Smart Currency at: http://www.smartinternationaltrade.co.uk/

Sterling had a very strong day yesterday strengthening against all the major currencies whilst reaching a 20 month high of 1.2230 against the euro. Figures released showed that the number of new people claiming unemployment benefits rose by less than expected and the unemployment rate also dropped. The Bank of England’s policy meeting minutes revealed that the MPC members voted 8-1 to keep quantitative easing unchanged as opposed to 7-2 last month which boosted sterling’s strength as investors viewed that the likelihood of further quantitative easing in the short term had diminished. With very little data out of the UK today, the markets will look to absorb the news from yesterday whilst looking elsewhere for influence; so, call in now for the latest update and a live quote.

The euro was particularly weak against sterling yesterday, ended the day fairly flat against the US dollar; but was strong against the majority of other currencies. The Eurozone current account figures released yesterday were much worse than excepted posting a €1.3 billion deficit from an expected surplus of €4.1 billion. Furthermore, EU construction output for February was much worse than expected plunging by 7.1%. The International Monetary Fund (IMF) also stated that European banks may be forced to try and slash their balance sheets due to the on-going economic crisis potentially causing another credit crunch. A crucial Spanish 10 year bond auction will be held today and will go some way to show investors' confidence in the nation. There is the potential for even more volatility today so call in now for a live quote and the latest news.

The US dollar traded in a fairly similar pattern to the euro today, being weak against sterling, ending the day fairly flat against the euro; but strong against the majority of other currencies. Today sees a raft of data released in the US including manufacturing data; unemployment claims figures and the number of existing residential building sold in the last month. Call in now the latest news and a live quote.

Elsewhere, the Japanese yen was one of the weakest currencies today as the Bank of Japan hinted that it will expand its easing program. Sweden's central bank announced that it was keeping interest rates on hold at 1.5%. The Bank of Canada suggested that economy will be stronger in 2012 than it had originally forecast. Australian business confidence figures and Japanese trade balance data were released overnight; but, the markets will look to the on-going developments in Spain and the data released from the US for influence today.

Call in now for a live quote and the latest news. Get a live quote and/or more information from Smart Currency at: http://www.smartinternationaltrade.co.uk/

Sterling had a strong morning strengthening against the majority of currencies before weakening off against the commodity backed currencies. Inflation data released yesterday showed Consumer Price Index (CPI) rose to 3.5% year on year, well above the bank of England’s target of 2.5%; but, the markets do not expect an interest rate rise anytime soon. Data today will show the number of new people claiming unemployment benefits and the minutes from the last Bank of England meeting will provide some insight on the Bank of England’s view on the state of the Economy. Call in now for the latest news and a live quote.

The euro traded in a fairly similar pattern to sterling today weakening off in the afternoon against the commodity backed currencies. A successful Spanish bond auction sold more than the EUR 3 billion it had hoped to raise; furthermore, a better than expected confidence reading from Germany calmed fears in the Eurozone somewhat. Moreover, the Spanish Prime minister said that they have done enough to avoid a bailout and a member of the European Central Bank also said that he "doesn't expect Spain” to need a bailout; however, the markets will need to see some strong evidence to support this sentiment before confidence can return. Contrary to this positivity, the International Monetary Fund (IMF) lowered Europe’s growth forecasts suggesting it will contract -0.3% in 2012 and Spain is expected to contract by -1.8%. Data from the UK and any news Spain will be the main focus for investors today; so, call in now for a live update and the latest news.

Mixed data from the US yesterday saw housing starts fall to a level worse than markets predicted; however, building permits beat expectations. The International Monetary Fund (IMF) raised global growth estimates in 2012 from 3.3% to 3.5%; also, raising the US growth estimate from 1.8% to 2.1%. With little data out of the US today, the markets will look for influence elsewhere so call in now for the latest news and a live quote.

Elsewhere, the Reserve Bank of India cut its central bank rate by 50 basis points when a cut of 25 basis points was widely expected. The Reserve Bank of Australia meeting minutes suggested that interest rates could be cut if inflation remains low. The Canadian dollar performed extremely well in the afternoon after the Bank of Canada left the central bank rate unchanged for the 18th month in a row. The comments from the Bank of Canada strengthened the Canadian dollar as suggestions that removing stimulus 'may become appropriate" meaning that Canada interest rates could be raised shortly; furthermore, growth forecasts were upgraded from 2.0% to 2.4%. The Bank of Canada Monetary Policy report is released today as well as the Bank of Canada’s press conference both of which could cause further volatility for the Canadian dollar. Call in now for the latest update and a live quote.

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Sterling reached a new 18 month high against the euro yesterday peaking at 1.2175 before retracing in the afternoon. Against the US dollar sterling started the day fairly flat before strengthening in the afternoon. Consumer Price Index (CPI) figures released today will show investors how the price of goods and services purchased by consumers has changed in the past month. Expectations are for it to be higher than hoped because of the high oil price. Call in now for the latest news and a live quote.

The euro had a very poor start to the day with Spain’s benchmark 10 year bond yield breeching the 6% level yesterday as fear was the main driver in the market in early morning trading. The Eurozone trade balance figures were also significantly worse than the markets had expected. The euro then recovered and staged a rally in the afternoon against most of its major counterparties. Data to be released today will show the sentiment of institutional investors to the Eurozone. Today and on Thursday we have debt issuances by the Spanish government and the success of these fund raisings will have a major influence on where to next for the euro. Volatility will be high so call in now for a live update and the latest news.

The US dollar had a mixed day yesterday, starting strong against the majority of currencies before weakening in the afternoon. Better than expected monthly core retail sales and retail sales data boosted the markets confidence. However, poor figures from the Empire State manufacturing index were also released yesterday and the Treasury International Capital data highlighted there had been significantly less foreign investment in long-term securities than the markets had predicted. Housing data is the main release on the agenda today with the figures outlining the number of new residential building permits issued during the previous month. This has moved the market in the past so call in now for a live quote and the latest news.

Elsewhere, the Japanese yen was strong in the morning due to its safe haven status before weakening off in the afternoon. China announced that it will allow its currency (the RMB) to fluctuate up and down by 1% against the USD compared to the 0.5% that has been in place since 2007. The minutes from the Reserve bank of Australia’s last policy meeting were released late last night and the Bank of Canada interest rate decision is also announced today which is widely expected to remain at 1%. Call in now for a live quote and the latest news.

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Sterling had a mixed day, pushing close to an 18 month high against the euro whilst weakening off against the US dollar as figures released showed that the change in the price of goods and raw materials purchased by manufacturers increased by more than the markets predicted. Data from the UK this week includes retail sales, Consumer Price Index (CPI) figures, the number of new people claiming unemployment benefits and the minutes from the last Bank of England meeting. Call in now for the latest news and a live quote.

The euro had a poor day on Friday weakening off against the majority of currencies as data released showed that Spanish banks borrowed almost double the amount of money from the ECB in March compared to February; this was a new record high and sent the benchmark Spanish bond yields back up towards 6%. Poor industrial production figures from Italy did little to help matters highlighting that many European economies remain in recession. This week, German Information and Forschung (Ifo) business climate sentiment and Zentrum fur Europaische Wirtschaftsforschung (ZEW) economic sentiment will be released; furthermore, euro zone wide trade balance figures are released today. The main focus though, will still remain on Spain and any developments could move the market significantly so call in now for an update and a live quote.

The US dollar performed well on Friday strengthening against the majority of currencies as fears surrounding the global economy meant the “safe haven” currency was bought up by investors. Mixed data showed that consumer confidence was lower than markets had anticipated whilst core CPI figures came in as expected. This week, the focus will be on retail sales, manufacturing and housing data so call in now for the latest news and a live quote.

Elsewhere, data from China showed that GDP figures were worse than expected, this continued deceleration in growth caused renewed fears of a global economic slowdown. Data this week includes the first quarter CPI figures from New Zealand, the Bank of Canada’s interest rate decision and the Reserve Bank of Australia’s minutes from the last policy meeting. Call in now for the latest news and a live quote.

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Sterling had a mixed week as risk aversion turned to risk appetite. Sterling very nearly reached an 18 month high against the euro on Thursday before retracing whilst strengthening steadily against the US dollar. Data this week showed that the UK’s trade gap widened more than expected; dampening the present economic outlook. The main data out of the UK today is the Producer Price Index (PPI) which will tell us how the price of goods and raw materials purchased by manufacturers changed in the last month. Call in now for a live quote and the latest update.

The euro performed poorly this week as fears surrounding the state of the Spanish economy shook the market. Rumours started to circulate that if the economic situation in Spain worsened, it may potentially need a bail out (Spain being the country always deemed “too big to bail out”). The final German Consumer Price Index (CPI) figures were released first thing this morning; however, not much other data is released today. The market will keep a close eye on any developments in Spain

The US dollar started the week fairly strong as risk aversion was driving the market; however, the shift to risk appetite saw the US dollar weaken off against the majority of currencies as the week progressed. Yesterday saw the release of poor unemployment data, mirroring the worse than expected Non-Farm Pay rolls data from last Friday; this is of some concern as it was the labour market that had been leading the US economic recovery of late. Furthermore, policy makers in the US also indicated that interest rates would remain low. Today sees the release of the Consumer Price Index (CPI), consumer sentiment figures and the Chairman of the Federal Bank is also speaking; all of which have the potential to move the market so call in now for a live quote and an update.

Elsewhere, the commodity backed currencies were the best performers this week as risk appetite began to drive the market. The Australian dollar performed particularly well as unemployment figures released beat market expectations. China unexpectedly posted a trade balance surplus of US$ 5.4 billion on Tuesday; but, this was driven by a lack of imports which stoked fears of a global slowdown. Much stronger than expected levels of bank lending in China released yesterday gave a boost to the commodity backed currencies. A raft of data from China was released first thing this morning which includes the influential GDP figures. Call in now for a live quote and an update on the markets.

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Sterling had a mixed day as the FTSE recovered from its 2012 lows yesterday, strengthening against the US dollar and the euro. There is very little data out of the UK today except trade balance figures which will show the difference in value between imported and exported goods during the last month; so, call in now for a live quote and the latest update.

The euro was fairly volatile yesterday as speculation about Spain's debt was at the forefront of traders’ minds. However, the Italian bond auction was well received yesterday which saw Italian bond yields retrace from their historic highs; furthermore, rumors started to circulate that the European Central Bank may start to buy Spanish bonds once more which calmed the global markets. With very little data out of Europe today, the focus will remain on the developments in Spain and the upcoming in elections in Greece and France; so call now for a live update and a live quote.

The US dollar was generally weak yesterday as risk appetite returned to the market once more. On the data front, the Beige book revealed that the economy grew in all 12 of its regions at a ‘modest to moderate ‘rate. More unemployment data is released today alongside the monthly producer price index (PPI) and trade balance figures which will go some way to show the state of the world’s largest economy so call in now for a live quote and the latest update.

Elsewhere, the Australian dollar and New Zealand dollar performed fairly well yesterday as risk appetite returned to the market. This morning saw the release of labour data from Australia and later on today trade balance data from Canada will be released. Call in now for the latest update and the latest news.

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Sterling had a mixed day weakening off against the euro and the US dollar; but, strengthening against the commodity backed currencies as risk aversion was the main driver in the market once more. With very little data released from the UK today the market will look elsewhere for influence so call in now for a live quote and the latest news.

The euro was weak against the Japanese yen and US dollar yesterday; but, was strong against the majority of other currencies. Fears that Spain would be the next European country needing a bail out were at the forefront of investor’s minds as Spanish bond yields rose once again. Another light day for data in the Eurozone today means the markets will look for any further developments regarding Spain for influence. Call in now for a live quote and the latest news.

The US dollar had a strong day strengthening against the majority of currencies bar the Japanese yen as risk aversion drove the market. Data released from the US today includes the Federal government’s monthly budget balance figures, the Beige book and a member of the Federal Open Market Committee is also speaking. Call in now for the latest news and a live update.

Elsewhere, The New Zealand dollar, Australian dollar and Canadian dollar all had a poor day yesterday as China unexpectedly posted a trade balance surplus of US$ 5.4 billion yesterday. The Japanese central bank kept its official call rate on hold and did not expand its asset purchase facility which saw the yen strengthen against the majority of currencies. Business confidence figures from New Zealand were released late last night and data from Australia, Canada, Japan and China is also released today, so call in now for the latest news and a live quote.

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Sterling weakened against the US dollar and rallied to a two and a half month high against the euro on Thursday as fears surrounding Spain dominated the markets. The Bank of England left rates unchanged at 0.5% and kept the asset purchasing program on hold as widely expected. On Friday and Monday, sterling’s rallies continued against the euro reaching fresh highs whilst strengthening against the US dollar. This week, there is not a great deal of data out except the Producer Price Index (PPI) figures for goods bought and sold by manufactures. Call in now for the latest update and a live quote.

The euro had a particularly poor day on Thursday as worries about Spain were at the forefront of traders’ minds. The euro recovered somewhat on Friday and Monday following the poor unemployment data released from the US and due to thin trading due to the bank holidays followed across much of the world. There is not a great deal of significant data out of Europe this week; but, the markets will look to the ongoing developments in Spain for influence so call now for a live quote and the latest news.

The US dollar was strong against the euro and sterling on Thursday as fears surrounding Spain drove the market. Poor employment data released on Friday weakening the US dollar against the majority of currencies; moreover, the US dollar continued to be sold off throughout most of yesterday. Monthly PPI figures, Consumer Price Index (CPI) data, trade balance data and yet more unemployment data is on the agenda this week so call in now for a live update and the latest news.

Elsewhere, Thursday saw the release of strong unemployment data from Canada. The €1.20/Chf1 peg was momentarily breached on Friday, but, a member of the Swiss National Bank said it is willing to buy foreign currencies in "unlimited quantities” to enforce the peg. Yesterday, trade balance data from Japan beat the market’s expectations; moreover, figures released showed that Chinese inflation accelerated more than initially anticipated. This week the other main releases includes the official call rate from Japan and its monetary policy statement, Chinese GDP and Trade Balance data, Canadian trade balance data and unemployment data from Australian. With a raft of data out this week it is essential to call in for the latest update and the latest news.

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Sterling started the week strongly against the US dollar reaching a four and a half month high before losing two cents as the week progressed as risk aversion drove the market. Sterling traded in the opposite fashion against the euro reaching a two and a half month high yesterday afternoon. Service, manufacturing and construction Purchasing Managers' Index (PMI) figures released this week all beat market expectations boosting positive sentiment towards the UK’s economy. More positive data was released as figures showed that house prices increased by 2.2% against the expected 0.3% drop. Today the Bank of England meet and we discover if they have decided to further expand the asset purchase program - expectations are that they won't. The official bank rate is widely expected to remain at 0.5%; any variation from the expected decisions will cause a great deal of volatility so call in now for a live update and a live quote.

The euro had a poor week against the majority of currencies as concerns rose over the ability of certain southern Euro zone states to fund their debt requirements. A very poor Spanish bond auction yesterday further increased worries following the poor Spanish unemployment figures and the budget announcement earlier in the week suggesting that the debt-to-GDP ratio will rise to the highest level since 1990. The European Central Bank’s decision to keep the minimum bid rate on hold at 1% yesterday was widely expected. There is very little data out of Europe for the rest of the week as the market looks elsewhere for influence. Call in now for the latest update and the latest news.

The US dollar has had a fairly strong week as broad based risk aversion drove the market. The Federal Reserve meeting minutes released this week played down the likelihood of further quantitative easing in the world’s largest economy. More unemployment data is released today and the influential Non-Farm Payrolls figures are due on Friday where there is no bank holiday in the US. Call in now for the latest update and the latest news.

Elsewhere, the commodity backed currencies had a poor weak with risk aversion being the dominant trading pattern. The Australian dollar was particular poor following an unexpected trade deficit which increased pressure to reduce interest rates from the 4.25% cash rate decision announced on Tuesday. Unemployment figures and PMI data from Canada are the main releases today with very little data out on Friday due to the bank holiday. Call in now for the latest update and the latest news.

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Sterling had a poor day yesterday weakening off against the majority of currencies despite strong Construction Purchasing Managers' Index (PMI) figures being released showing the fastest growth in 21 months. The British Chambers of Commerce stated its belief that the UK would avoid a technical recession; but, suggested the economic recovery is “much too slow” and the Eurozone crisis could further damage the UK’s economy. Following the close of the UK market the minutes of the last US Federal Reserve meeting were released which resulted in sterling gaining ground against the euro and losing ground against the US$. Today we have the release of Services PMI data. It will be interesting to see if they mirror the positive data PMI data for manufacturing and construction; so, call in now for a live quote and the latest update.

The euro had a relatively strong day yesterday strengthening against sterling until losing ground at the end of the day and finishing fairly flat against the US dollar. Negative releases from Spain showed that unemployment was at the highest level for 6 years and the budget revealed that the debt-to-GDP ratio will rise to the highest level since 1990. The market will look towards the minimum bid rate decision today and the European Central Bank press conference that follows. The minimum bid rate is expected to remain at 1.00%; however, the ECB press conference often causes volatility in the market so call in known for the latest news and a live quote.

The US dollar had a mixed day yesterday as data released showed that the number of factory orders had missed the markets expectations but strengthened when the Federal Reserve Bank minutes played down the likelihood of further quantitative easing. Unemployment data is released today ahead of the influential Non-Farm Payrolls figures which are due on Friday. Services PMI figures will also be announced today so call in now for the latest update and the latest news.

Elsewhere, the Royal Bank of Australia’s decision to leave its cash rate at 4.25% which caused a mass Australian dollar sell off with the currency weak against all major counterparties. The Swiss Franc was one of the best performers yesterday, strengthening against the majority of currencies. Trade balance figures for Australia were released first thing this morning; however, very little other data is released today as the markets look to the UK, Europe and the US for influence. Call in now for the latest update and the latest news.

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Sterling had a mixed day yesterday, strengthening throughout the morning as much better than expected manufacturing growth data was released, reaching a 10 month high. Sterling rallied to fresh highs against the dollar and the euro before retracing in the afternoon. The markets will look towards the housing data and construction figures released today for influence; however, the main focus will remain on Thursdays Bank of England interest rate and asset purchasing decisions. Call in now for the latest update and the latest news.

The euro had a poor day yesterday weakening off against the majority of currencies as Euro wide unemployment figures reached the highest level in more than 14 years. Moreover, weak manufacturing data released did little to help the single currency gain any positive momentum. The region will look towards the final fourth quarter GDP figures for 2011 which are released today; if worse than expected, the data could further reinforce the sentiment that the Euro zone is in recession so call in now for a live quote and the latest update.

In the US, better than expected manufacturing growth data released yesterday was clouded by figures showing that construction spending had unexpectedly dropped in February. Today, the Federal Open Market Committee (FOMC) meeting minutes for March are released which often causes volatility in the market as the detail can give investors some indication of which course of action the central bank may take in the upcoming months. Call in now for the latest update and the latest news.

Elsewhere, the strong manufacturing data from China released over the weekend meant the commodity backed currencies had a strong start to the day; but there was a great deal of volatility as heavy trading was influenced by data released elsewhere. Extremely poor retail sales figures for Switzerland were released yesterday; but, the manufacturing data showed an unexpected expansion. The main news out today is from Australia where retail sales data and the official bank rate announcement were released first thing this morning. Call in now for the latest update and the latest news.

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Sterling strengthened against the US dollar on Friday breaking through the 1.60 resistance level for the first time since November last year. Manufacturing, services and construction Purchasing Managers' Index (PMI) are released this week; but, the main focus this week will be on Thursday’s announcements where we will discover if the Bank of England will further expand the asset purchase program. The official bank rate is widely expected to remain at 0.5%. Call in now for the latest update and the latest news.

The euro was strong against the US dollar and the Japanese yen as Spain announced its budget which includes plans to make additional cuts to save more than €27 billion. On Friday the EU finance ministers agreed to increase the safety fund to €700 billion to protect the region from further economic crisis. The European Central Bank’s interest rate decision will be announced on Thursday with the general consensus suggesting that the rate will remain at 1.00%. Call in now for the latest update and the latest news.

The US dollar had a varied day on Friday weakening against sterling as mixed economic data was released. US PMI data and a raft of unemployment data will be released this week which could move the market significantly as it has done in the past so call in now for a live quote and the latest update.

Elsewhere, the Australian dollar had another poor day weakening off against the majority of currencies. Canadian GDP data was released as expected at 0.1%. Chinese manufacturing PMI was released on Friday with a higher reading than forecast; however, some analysts think the increase is only “seasonal”. Out this week, we see a raft of data released from Australia including retail sales figures, trade balance data and the RBA’s interest rate decision which is currently expected to remain on hold. There is also the release of unemployment data from Canada. Call in now for the latest update and the latest news.


Get a live quote and/or more information from Smart Currency at: http://www.smartinternationaltrade.co.uk/