US$/GBP – 1.5687
CHF/GBP – 1.5254
CAN$/GBP - 1.5568
AUS$/GBP – 1.4916
ZAR/GBP – 12.7635
JPY/GBP – 123.25
NZD/GBP – 1.9362
SEK/GBP – 10.4698
US$/EURO - 1.2354
INR/GBP - 87.35
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Sterling had a mixed day yesterday strengthening against the commodity backed currencies; but, was weaker versus the euro following data released in Greece and Italy. The main news on the economic agenda today will be the Consumer Price Index (CPI) inflation data which is expected to produce a reading of 2.3%. Call in now for the latest rates.
The Euro performed well yesterday following Greek GDP figures coming out better than initially anticipated. The GDP reading was still an extremely poor -6.2%; however, this was marginally better than the -7.0% that was expected. More positivity came as an Italian bond auction was well supported but yields still pushed slightly higher than previous. Out today, German economic sentiment figures will be released alongside country specific and Europe area wide preliminary GDP figures with the general consensus of wide spread recession (perhaps excluding Germany). Call in now for the latest news.
The US dollar was fairly stable yesterday and traded in a very similar pattern to sterling with the lack of any significant data released. Out today, retail sales figures could be one of the more influential releases this week; whilst, inflation data in the form of monthly CPI and Producer Price Index (PPI) figures will also be released. Get the latest news by calling in.
Elsewhere, preliminary GDP data released from Japan was worse than expected showing a weaker growth reading of 0.3% which caused the commodity backed currencies to weaken off. Overnight, retail sales data from Canada and the monthly monetary policy meeting minutes from the Bank of Japan were released. Very little other data is released throughout the rest of the day expect PPI data from Switzerland which will be announced first thing this morning; so, call in now for the latest news.