IFX Market Report

IN THE UK:

  • Sterling recovers some of its previous day’s losses.
  • BoE member Andrew Sentance makes hawkish comments on UK inflation.
  • CBI data comes in at a lower level then expected.

 

 

IN THE EU:

  • Some euro zone countries offer support to the pound.
  • Concern over the fiscal health of Greece weakens the euro to a 5 month low.
  • German CPI comes in 0.2% below consensus

 

IN THE US:

 

  • Mortgage applications & new home sales data are weaker then predictions.
  • Fed interest rate decision held at 0.25%.
  • Markets await durable good orders early afternoon.

 

 

 At 9.30am this morning the market was at €1.1585, $1.6256, 1.7197 CAD, 1.7064 CHF, 12.29 ZAR, 146.86 JPY, 11.82 SEK. EUR/USD 1.4027.