Sterling had a poor day weakening off against the majority of currencies; but, remaining fairly flat against the US dollar. There is very little data released in the UK today; but, the Governor of the Bank of England who is speaking in the evening will provide some more insight as to the state of the UK economy. Call in now for the latest news and a live quote.
The euro was fairly stable yesterday and made gains against both sterling and the US dollar. The leader of the Greek Syriza party (the biggest ‘anti-bailout’ party) pledged to keep Greece in the euro yesterday; but, wants to renegotiate the bailout deal with the EU and the IMF. However, the bailout package is deemed to be non-negotiable; so, we will have to see what exactly this means going forward. Spanish bond yields remain high and an Italian 1 year bond auction saw its yields jump by 1.5% underlining investors' concern in the region and for those counties in particular. Today we have an Italian bond auction of longer dated bonds and any significant increase in interest demanded by investors could be negative for sterling. Europe wide inflation data is the main release on the agenda today; but, the focus will remain on the run up to the Greek election on Sunday and any development that may occur in Spain and Italy. Call in now for the latest news and a live quote.
The US dollar was particular weak yesterday following the release of a string of bad data which led to investors speculating that the central bank may look to inject more money into the economy to stimulate growth. Both retail sales figures and the monthly Producer Price Index (PPI) were below markets estimates. More influential data is released today in the form of figures depicting the change in the number of people claiming unemployment benefits and figures showing the change in the price of goods and services purchased by consumers; so, call in now for the latest news and a live quote.
Elsewhere, the Japanese yen performed well yesterday recovering from Monday’s losses whilst the Australian and New Zealand dollar were also fairly strong. Late last night saw the release of the official rate decision, press conference and monetary policy statement from the Reserve Bank of New Zealand; whilst the rate decision for the Swiss National Bank will be announced first thing this morning. 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 was fairly stable yesterday and made gains against both sterling and the US dollar. The leader of the Greek Syriza party (the biggest ‘anti-bailout’ party) pledged to keep Greece in the euro yesterday; but, wants to renegotiate the bailout deal with the EU and the IMF. However, the bailout package is deemed to be non-negotiable; so, we will have to see what exactly this means going forward. Spanish bond yields remain high and an Italian 1 year bond auction saw its yields jump by 1.5% underlining investors' concern in the region and for those counties in particular. Today we have an Italian bond auction of longer dated bonds and any significant increase in interest demanded by investors could be negative for sterling. Europe wide inflation data is the main release on the agenda today; but, the focus will remain on the run up to the Greek election on Sunday and any development that may occur in Spain and Italy. Call in now for the latest news and a live quote.
The US dollar was particular weak yesterday following the release of a string of bad data which led to investors speculating that the central bank may look to inject more money into the economy to stimulate growth. Both retail sales figures and the monthly Producer Price Index (PPI) were below markets estimates. More influential data is released today in the form of figures depicting the change in the number of people claiming unemployment benefits and figures showing the change in the price of goods and services purchased by consumers; so, call in now for the latest news and a live quote.
Elsewhere, the Japanese yen performed well yesterday recovering from Monday’s losses whilst the Australian and New Zealand dollar were also fairly strong. Late last night saw the release of the official rate decision, press conference and monetary policy statement from the Reserve Bank of New Zealand; whilst the rate decision for the Swiss National Bank will be announced first thing this morning. 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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