IFX Market Report

Submitted by qrops on Fri, 26/Feb/2010

IN THE UK

 

  • Sterling hits 9 month low vs US dollar and 11 month low vs Yen
  • Rick aversion causes sterling sell off.
  • UK business investment falls 5.8% in 4th quarter
  • 4th Quarter GDP figures revised up to 0.3% from earlier 0.1% first print.
  • Nationwide house price survey show first drop in prices for 10 months.

 

IN THE US

 

  • Investors flock to US dollar as safe haven
  • 4th Quarter GDP figures out at 1.30pm
  • US Chicago PMI and US Consumer Sentiment released around 3.00pm

 

IN THE EU

 

  • EU Consumer Price Index released at 10.00am
  • GBP/EUR sees 6 week low at €1.1214
  • Greece debt problem still causing investors to sell off euros
  • Euro get sees further support as CPI figure on target at 1.0%y/y

 

Current Spot Rates (9.15am)

 

 

 

 

 

 

 

 

 

 

 

 

 

USD

EUR

AUD

CAD

JPY

SEK

ZAR

GBP

1.5422

1.1211

1.7098

1.6123

136.022

10.90

11.79

USD

 

1.3595

1.1215

1.0573

89.241

7.14

7.73