UK PPI data higher than expected

Friday, 6 May 2011 02:39

UK Producer Price Index (PPI) data showed a turn towards the good side as Input prices were release at 2.6%, 0.9% more than the estimated value (1.7%). Although lower than the previous month’s 3.8%, the Streling showed positive attitute and gained both against the Dollar as well as the Euro.

Canada’s Building Permits and Ivey PMI

Thursday, 5 May 2011 05:12

It has also been an important day for the Canadian Dollar as news reports about Building Permits and Ivey PMI were released; both capable of manipulating the CAD.

ECB president Trichet speaks; Jobless claims up to 474K

Thursday, 5 May 2011 03:56

European Central Bank news conference about Interest Rates has started. Trichet is giving a speech saying that ‘underlying economic momentum remains positive’ and that he sees an ‘upwards pressure on inflation’. Stating also that ‘Risks to euro zone inflation remains on upside’ and that inflation is to hike over 2% in the coming months, assuring that ECB is ‘monitoring developements very closely’.

BoE Bank Rate remains unchanged

Thursday, 5 May 2011 02:28

Bank of England announced its decisions on the Bank Rates and rgw Money Printing Programme. The eight-member committee of the BoE decided to keep both unchanged.

ECB highly anticipated press Conference shoot Euro upwards

Thursday, 5 May 2011 01:01

UK Services PMI (Purchasing Managers’ Index) came out earlier today with weaker news than expected. April’s Activity Growth fell from March’s 57.1 to 54.3; while expectations cicled around 55.8.

GBP/USD is trading at 1.6482. EUR/GBP is trading just above the 90 cent line at 0.9016.