Sterling strengthened against the commodity backed currencies on Friday; but, weakened off against the majority of others as one of the members of the Monetary Policy Committee suggested that further Quantitative Easing could be required to prop up the UK economy. Revised GDP data this week will show if the UK economy is actually back in recession as many economists suspect the preliminary figures released were inaccurate. The Bank of England’s inflation letter, Monetary Policy Committee meeting minutes and monthly retail sales data could cause a lot of volatility this week by providing insight into the state of the UK’s economy and any action that could be taken in the next couple of months. Call in now for the latest news and a live quote.
The euro recovered against the majority of currencies on Friday despite the continued worry about a potential Greek exit. Manufacturing and services Purchasing Managers' Index (PMI) data is released this week; furthermore, business climate data from Germany showing the sentiment of manufacturers, builders, wholesalers and retailers will go some way to show the state of the euro economy which is extremely fragile at present. Call in now for the latest news and a live quote.
The US dollar remained relatively strong on Friday compounded by the markets fear about the future of the euro. The Facebook stock market listing dominated the markets on Friday as the world looked to see if the largest ever internet listing could increase risk appetite in the global markets. On the data front this week, new and existing home sales figures are released, as well as durable goods orders and unemployment claims. Call in now for the latest update and a live quote.
Elsewhere, the main data released on Friday was the Canadian Consumer Price Index (CPI) figures which showed a 0.4% rise in the change in the price of goods and services purchased by consumers. Inflation expectations and the annual budget for New Zealand is released this week, manufacturing PMI data from China, Canadian retail sales data and the official interest rate from Japan will also be announced. With a lot of data released this week, there is the potential for a lot of volatility; so, call in now 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/
The euro recovered against the majority of currencies on Friday despite the continued worry about a potential Greek exit. Manufacturing and services Purchasing Managers' Index (PMI) data is released this week; furthermore, business climate data from Germany showing the sentiment of manufacturers, builders, wholesalers and retailers will go some way to show the state of the euro economy which is extremely fragile at present. Call in now for the latest news and a live quote.
The US dollar remained relatively strong on Friday compounded by the markets fear about the future of the euro. The Facebook stock market listing dominated the markets on Friday as the world looked to see if the largest ever internet listing could increase risk appetite in the global markets. On the data front this week, new and existing home sales figures are released, as well as durable goods orders and unemployment claims. Call in now for the latest update and a live quote.
Elsewhere, the main data released on Friday was the Canadian Consumer Price Index (CPI) figures which showed a 0.4% rise in the change in the price of goods and services purchased by consumers. Inflation expectations and the annual budget for New Zealand is released this week, manufacturing PMI data from China, Canadian retail sales data and the official interest rate from Japan will also be announced. With a lot of data released this week, there is the potential for a lot of volatility; so, call in now 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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