Sterling broke through more resistance yesterday hitting 1.2550 against the euro and strengthened against the majority of other currencies. Trade balance data is the main release on the agenda as the world looks to Europe and the US for influence. Call in now for the latest news and a live quote.

The euro performed poorly yesterday as the markets continued to speculate that Greece could soon leave the euro. The Greece political parties are still struggling to form a government which is unsettling the market. Spanish and Italian bond yields have risen once again following Moody’s comments that Spain’s new plan for banks to hold more capital will increase the debt burden on the government. On the data front, monthly industrial production came in much worse than expected dampening the negative sentiment in the region further still. French, German, Italy and euro-wide GDP figures are released today; as well as the highly influential German economic sentiment figures. With so much uncertainty in the Eurozone, the euro remains under a lot of pressure so call in now for the latest news and a live quote.

The US dollar performed relatively well yesterday driven by a risk adverse market due to the on-going developments that Europe and Greece in particular is experiencing. A busy day for data includes monthly retail sales figures and figures depicting the change in the price of goods and services purchased by consumers; so call in now for the latest update and a live quote.

Elsewhere, the Japanese yen was one of the best performing currencies, mirroring the US dollar’s strength (whilst strengthening against the US dollar) due to its safe haven status. Retail sales figures from New Zealand were much worse than expected weakening against the majority of currencies as investors speculate that the Reserve Bank of New Zealand may look to cut interest rates in the short term. The Reserve Bank of Australia released its monetary policy meeting minutes last night; but, there is very little other data out today as the markets look towards the on-going developments in Europe and the data release in the US for influence. 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/