The Marketplace - 26th August 2016
The Pound slipped yesterday despite a stronger than expected August CBI retail report providing further evidence that concerns about the UK economy may be overdone.
The focus in currency markets today will be the first estimate of Q2 UK GDP, the second estimate of the US Q2 GDP and the Fed’s annual symposium at Jackson Hole will get underway.
Have a great weekend!
The Marketplace - 25th August 2016
Wednesday saw sterling extend gains to hit a three-week high, as speculators further cut bets against the currency following recent data indicating that the economy was holding up surprisingly well following the Brexit vote.
Today marks the first real day for economic releases this week with German Ifo Business Climate, UK CBI realised sales data and finally US Unemployment claims.
The Marketplace - 24th August 2016
Today will see another quiet day in terms of economic data with only US Crude Oil Inventories and UK Mortgage Approval data. The UK Mortgage data will provide us with a good insight into the housing market, which many economists believe to have suffered on the back of the Brexit Vote.