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