PhilBen
18th January 2010, 08:25
The Pound Closed on a positive note on Friday and opens this morning well above 1.13 against the Euro and 1.63 on the Dollar. With very little important data out today we could enjoy a positive pound.
The Dollar The index of leading indicators probably climbed in December for a ninth month, while home construction stayed about the same, indicating housing’s role in the U.S. expansion is waning. According to Julia Coronado, a senior economist at BNP Paribas in New York said “The economy will stay on its recovery track, but it’s not going to be an easy or painless process,” “The Demand for new construction is very limited.”
The Euro As expected the ECB left rates on hold at 1 per cent on Thursday, in line with what 80 economists surveyed by Reuters had forecast. The euro, nevertheless, fell to session lows following comments from ECB president Jean-Claude Trichet reiterating that a strong US currency was important.
Data released 18th Jan
GB Rightmove House Prices
JP Industrial Production (F)
Live IB Rates 9.10 am
GBP-EURO 1.136
GBP-USD 1.633
GBP-AUD 1.769
EURO-USD 1.437
EURO-USD 1.441
The Dollar The index of leading indicators probably climbed in December for a ninth month, while home construction stayed about the same, indicating housing’s role in the U.S. expansion is waning. According to Julia Coronado, a senior economist at BNP Paribas in New York said “The economy will stay on its recovery track, but it’s not going to be an easy or painless process,” “The Demand for new construction is very limited.”
The Euro As expected the ECB left rates on hold at 1 per cent on Thursday, in line with what 80 economists surveyed by Reuters had forecast. The euro, nevertheless, fell to session lows following comments from ECB president Jean-Claude Trichet reiterating that a strong US currency was important.
Data released 18th Jan
GB Rightmove House Prices
JP Industrial Production (F)
Live IB Rates 9.10 am
GBP-EURO 1.136
GBP-USD 1.633
GBP-AUD 1.769
EURO-USD 1.437
EURO-USD 1.441