Yesterday the US dollar strengthened broadly as data showed that the U.S. economy grew faster than expected in the last quarter, despite the disappointing durable goods reports.
Similar GDP data showed the economy in the UK grew by 0.7% in the third quarter period from the previous quarter, in line with a previous estimate and slowing only a bit from a revised 0.8% between April and June. In annual terms, growth was revised down to 2.6% from a previous reading of 3.0%, hurt by lower business and government investment and higher imports than thought in an earlier estimate.
Today is possibly the quietest actual working day on the economic calendar, we expect virtually no significant moves on the market today.
Although there will be updates on the 29th and 30th of December we would like to take this opportunity to thank our readership, some 17,000 of you, for taking the time to peruse our ramblings over the last year. We look forward to treating you to more insightful currency news and commentary in 2015.
Currency UK will be closed from 12:30pm, we can book trades up to this time but funds must be received by 11am today in order to be processed for payment today.
Our Christmas opening hours are:
- Wednesday 24th December - 8am - 12:30pm
- Thursday 25th December - Closed
- Friday 26th December - Closed
- Monday 29th December 9am - 5:30pm
- Tuesday 30th December 9am - 5:30pm
- Wednesday 31st December - Closed
- Thursday 1st January - Closed
Normal business hours will resume on Friday January 2nd.
Posted in Daily Market News on Dec 24 2014
For today, some interest with the second round presidential vote in Greece. The first round saw 160 of the required 180 votes for the PM’s favoured candidate. This could well go to three rounds, and if the required number of votes is not secured snap elections will ensue.VIEW FULL ARTICLE
Posted in Daily Market News on Dec 23 2014 by Alex Coates