Sterling drops; caused by weak PMI

Last Updated on Wednesday, 1 June 2011 02:51 Written by Elena Rajkovic Wednesday, 1 June 2011 02:51

United Kingdom’s Manufacturing PMI was released earlier today, causing Sterling to drop drastically against the Greenback and Euro as news were not as good as was expected.

Bank of Canada keeps Interest Rate steady

Last Updated on Tuesday, 31 May 2011 05:01 Written by Elena Rajkovic Tuesday, 31 May 2011 05:01

Bank of Canada released its Interest Rate Statement, and Overnight Rates were announced to remain the same at 1.00%.

17-nation currency through the roof

Last Updated on Tuesday, 31 May 2011 01:28 Written by Elena Rajkovic Tuesday, 31 May 2011 01:24

Things are looking good for the 17 country currency, the Euro. As Germany has reportedly agreed to bailout Greece with a new package deal, a positive attitude has overturned causing the Euro to hit a 3-week high against the U.S Dollar.

Swiss GDP Growth eases

Last Updated on Tuesday, 31 May 2011 11:33 Written by Elena Rajkovic Tuesday, 31 May 2011 11:33

Swiss GDP and UBS consumption Indicator were released earlier today. Gross Domestic Product was released at 0.3 for the first quarter of 2011, weaker than previoud release of 0.8% and reasonably lower than the expectations of 0.6%.

UBS consumer sentiment declined from 1.69 to 1.59 in April.

Gross Domestic Product in Canada

Last Updated on Monday, 30 May 2011 08:32 Written by Elena Rajkovic Monday, 30 May 2011 05:26

Sixty days after the month ends, change in the Gross Domestic Product is released. GDP in Canada for March was released better than the 0.2% that was expected, GDP rose to 0.3%; higher than February’s 0.1% release.