IFX Market Report

Submitted by qrops on Thu, 25/Feb/2010

IN THE UK

 

  • BoE policymaker echos comments of Kings regarding possibility of increase in QE.
  • Weak UK data has put sterling under continuous pressure.
  • Eyes fixed on revised GDP figures on Friday with hope of an upward revision.

 

IN THE US

 

  • US Fed state interest rates will continue at record lows for an extended period.
  • Dollar falls against 13 of the 16 most traded currency pairs after weak housing data.
  • US durable goods order date released today.

 

IN THE EU

 

  • German GDP figures on par with consensus help strengthen the euro.
  • Concerns still strong over Greece’s spiraling deficit.
  • Consumer confidence data released in the euro zone today.

 

 

 

 

Current Spot Rates (9.00am)

 

 

 

 

 

 

 

 

 

 

 

 

 

USD

EUR

AUD

CAD

JPY

SEK

ZAR

GBP

1.5315

1.1348

1.7220

1.6153

136.99

11.05

11.93

USD

 

1.3495

 

1.054

89.42

7.223

7.784