Public Sector Net Borrowing released at good pace
Tuesday, 21 June 2011 12:03
U.K Public Sector Net Borrowing value came out a few minutes ago. The release was better than economists expected. 15.2 billion pounds is the amount of the Net Borrowing for May, while investors were expecting a release of 16.1 billion pounds. April’s Public Sector Net Borrowing was released ay 7.7 billion pounds.
Read MoreDollar staying steady;
Tuesday, 14 June 2011 02:57
Earlier in the day, the British currency was rising higher against the Dollar; reaching 1.6426 while anticipating U.K Consumer Price Index. Meanwhile the news was expected to be released the pair rose even more to 1.6440, only to fall to 1.64 after the release and currently trade much lower at 1.6396.
Read MoreEuro losing strength against Dollar
Friday, 10 June 2011 12:35
The European currency saw a great loss after yesterday’s ECB interview with Trichet. Throughout the day, the 17-nation currency was trading high at 1.4650 against the Greenback.
Read MoreGerman Industrial Output falls unexpectedly
Wednesday, 8 June 2011 02:26
As the Euro opened high at 1.4693 against the U.S Dollar; a volatile nature was observed throughout the day as the pair jumped from the opening high to 1.4650 before gaining again to 1.4570; only to fall again after euro nation news that Germany’s Industrial Output was released lower than expected. EUR/USD fell to 1.4622 shortly after the announcement.
Read MoreECB’s Press release
Friday, 27 May 2011 11:27
Monetary Developments in the Euro Area for April were released just minutes ago. Year on year growth rate of M3 came out lower than expected at 2.0%, decreasing from 2.5% value expected and prior March results of 2.3%.
Annual Private Loans came out lower than expectations. Year on year results were released at 2.6%, while it was forecasted at 2.7%. Although lower than expected, the 2.6% results was a little higher than last year’s 2.5%.
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