PhilBen
9th March 2010, 08:40
The Pound The Royal Institution of Chartered Surveyors has claimed new instructions outpaced enquires from new buyers in February. This is the second month in a row. The rise in house prices during the past year has been attributed by many commentators to a shortage of stock for sale. Meanwhile Retail sales had some recovery from a tough January on the High Street, figures from the British Retail Consortium showed that Like-for-like sales were up 2.2%, compared to the 0.7% fall in January.
The Dollar looks set to steam ahead into the 1.40’s against the pound as it breaks the 1.50 level with conviction. The markets have opened this morning pound negative as the Dollar once again gains on both the Pound and Euro.
The Euro Greek prime minister has called on the US to help curb the financial speculators. He blames the speculators for exacerbating his country's debt problems. George Papandreou said he wanted to see the US impose stricter regulations on hedge funds and currency traders.
Major Data out Today
UK BRC Retail Sales Monitor (Total)
UK RICS Housing Survey
JP Leading indicator (P)
AU NAB Business Confidence
CH CPI
UK Trade Balance, Non-EU
UK Visible Trade Balance, World
AU Westpac Consumer Confidence
Live IB rates at 9.35am UK
GBP - EURO 1.1007
GBP - USD 1.495
GBP - AUD 1.648
EURO – USD 1.357
The Dollar looks set to steam ahead into the 1.40’s against the pound as it breaks the 1.50 level with conviction. The markets have opened this morning pound negative as the Dollar once again gains on both the Pound and Euro.
The Euro Greek prime minister has called on the US to help curb the financial speculators. He blames the speculators for exacerbating his country's debt problems. George Papandreou said he wanted to see the US impose stricter regulations on hedge funds and currency traders.
Major Data out Today
UK BRC Retail Sales Monitor (Total)
UK RICS Housing Survey
JP Leading indicator (P)
AU NAB Business Confidence
CH CPI
UK Trade Balance, Non-EU
UK Visible Trade Balance, World
AU Westpac Consumer Confidence
Live IB rates at 9.35am UK
GBP - EURO 1.1007
GBP - USD 1.495
GBP - AUD 1.648
EURO – USD 1.357