Last weeks UK retail figures gave the market a real surprise with an unexpected rise in retail sales. As we start the new week GBP is still riding high on this news.
Today will be a very light day of trading with the US closed for Martin Luther King Day.
As such we look ahead to the weeks big events:
Tomorrow we have the German ZEW survey which measures the institutional investor sentiment, reflecting the difference between the share of investors that are optimistic and the share of analysts that are pessimistic. A below expectation/negative reading could have a real impact on Euro.
Wednesday is then a pretty busy day for UK data with the Bank of England minutes being released and unemployment update (remember the BoE governors forward guidance uses the unemployment figure as a waypoint).
Posted in Daily Market News on May 30 2014
The Dollar continues to strengthen against most currencies, supported by strong US data. Yesterday the Federal Reserve’s Beige Book confirmed the recent upturn in US economic activity, particularly in manufacturing and employment.VIEW FULL ARTICLE
Posted in Daily Market News on Jan 16 2014 by admin