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Yesterday saw positive UK manufacturing date push GBP/USD over the 1.6900 mark. It has since fallen back below this significant level, but only by a fraction. The same UK manufacturing data, coupled with public holidays across much of the Eurozone, allowed GBP/EUR to push towards the 1.2200 mark. However, all…
Yesterday, the biggest data release had the least impact. As expected, the fed kept interest rates on hold and ‘tapered’ a further 10bn. However the US GDP release did have an impact, coming in at 0.1% instead of the expected 0.8%. With this negative news GBP/USD broke into a potentially…
Today is a heavy day for economic data, perhaps progressing with significance as the day goes on. The highlights will be: Already released – German Unemployment figures. Showing a fractional improvement at 6.7% unemployment, the data will at least offer Euro some support. 10am BST – Eurozone Consumer Price Index….
Today it feels like we finally have some real data to look forward to as the markets await news from the UK, US and Europe. The news we are waiting for from the UK is first quarter GDP and we are expecting Britain’s growth to continue with an annual growth…
Good Monday morning and welcome to what could well be an action-packed week on the foreign exchange markets. Whilst we have a 5 day week ahead of us, markets in Asia are closed for much of the week and on Thursday, the US takes a break for Labor Day. It…
Yesterday, Mario Draghi spoke and people could scarcely believe what he said as he completely opened up and detailed exactly how he was going to drag the Eurozone out of the clutches of deflation and what measures needed to be taken. Of course, that didn’t actually happen. It was the…
After yesterday’s German PMI data was better than expected, the markets eyes turned towards today’s data-filled economic calendar and, in particular, the German IFO data release. These figures have already been released this morning and the median forecast of 110.5 was better than expected, as was the expectations index. However,…
Expect lots of movement in the markets today as we see a flurry of data from the Eurozone and Monetary Policy Committee (MPC) minutes from this month’s meeting, in addition to a number of other news items concerning the Yuan, Australian Dollar and British Pound. We have already seen the…
As Easter and a long weekend approaches, you could be forgiven for thinking that here in Britain we are actually living in a veritable utopia. The measures of austerity that were introduced amidst much horror seem to be working, if you look at the figures anyway, and Britain is seen…
Good morning all. After a gloriously sunny weekend, we return to a particularly data-light Monday on the markets. Last week also finished on a relatively quiet level with the only real news coming out of the US, where stronger than expected housing starts in April were somewhat negated by the…