Sterling strengthened by 1 cent against the euro yesterday as the mild euphoria surrounding the Greek election results on Sunday quickly faded away. The main news on the UK’s economic calendar today is inflation data in the form of the Consumer Price Index (CPI). It is expected to be less than 3% as petrol prices have fallen. This level of inflation would make it easier for the Bank of England to increase the UK's quantitative easing from its current level of €325bn. The G 20 meetings also continue today with investors hoping that some foundations are put in place before the summit in Brussels at the end of the month that will help the global economy and the Eurozone in particular. Call in now for the latest news and a live quote.
The euro struggled yesterday as the relief rally following the Greek parliamentary election was only short lived as some investors suggest that it has only delayed the inevitable Greek exit from the euro. Spanish benchmark 10 year bonds yields hit a euro era high of 7.285% stoking fears that a full Spanish government bailout may be required. German and Eurozone economic sentiment figures are released today; whilst Greece and Spain both have bond auctions which will give a clear indication of investors’ confidence in the two nations. Call in now for the latest update and a live quote.
The US dollar had a mixed day yesterday as markets sentiments fluctuated following the Greek elections on Sunday and the rising Spanish bond yields. Monthly figures showing the number of new residential building permits granted and the number of new residential building’s that began constriction will be the main news on the agenda data today; so, call in now for the latest update and a live quote.
Elsewhere, the Australian and New Zealand dollar performed particularly well yesterday afternoon whilst the Canadian dollar struggled. Early this morning, minutes from the latest Australian monetary policy meeting were released and Canadian figures showing the change in the total value of sales at the wholesale level are announced this afternoon. 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 struggled yesterday as the relief rally following the Greek parliamentary election was only short lived as some investors suggest that it has only delayed the inevitable Greek exit from the euro. Spanish benchmark 10 year bonds yields hit a euro era high of 7.285% stoking fears that a full Spanish government bailout may be required. German and Eurozone economic sentiment figures are released today; whilst Greece and Spain both have bond auctions which will give a clear indication of investors’ confidence in the two nations. Call in now for the latest update and a live quote.
The US dollar had a mixed day yesterday as markets sentiments fluctuated following the Greek elections on Sunday and the rising Spanish bond yields. Monthly figures showing the number of new residential building permits granted and the number of new residential building’s that began constriction will be the main news on the agenda data today; so, call in now for the latest update and a live quote.
Elsewhere, the Australian and New Zealand dollar performed particularly well yesterday afternoon whilst the Canadian dollar struggled. Early this morning, minutes from the latest Australian monetary policy meeting were released and Canadian figures showing the change in the total value of sales at the wholesale level are announced this afternoon. 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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