UK jobless data worse than expected
Wednesday, 13 April 2011 03:51
UK jobless claims results were released this morning with an increase in jobless claims by 0.7K, worse than anticipated results; while predicted data was analyzed to be a decline around 3.5K. This caused the British currency to slide lower against the Dollar to a low of 1.6252 , as well as the Euro with the Euro rising to about 0.8920, about 20 pips from the lowest price today.
Read MoreEuroDollar trading 1.45
Wednesday, 13 April 2011 01:25
For the second time in as many days the Euro has crossed the 1.45 level, previously 1.45157 was a high and then 1.45152. In both instances the market pulled back immediately under heavy selling pressure.
Read MoreEuribor lending rates rose to near a two-year high
Wednesday, 13 April 2011 01:14
Euribor lending rates rose to near a two-year high yesterday mainly off the back of expectations that the European Central Bank will continue to increase euro zone interest rates this year. The three-month Euribor rate rose to 1.327 percent from 1.320 percent on Tuesday.
Read MoreUK unemployment numbers out
Wednesday, 13 April 2011 12:10
UK unemployment fell unexpectedly in the three months to February, and employment rose as figures came out Wednesday, suggesting a modest improvement in the labour market.
Read MoreUK Retail Sales Fall
Tuesday, 12 April 2011 12:22
UK retail sales dropped by a record in March, placing more pressure on the Bank of England to raise interest rates from a record low. The pound fell against the dollar and the euro off the back of these numbers.
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