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- The latest UK lending data was slightly stronger than expected with an increase to GBP4.5bn for August.
- The Euro again found support just below 1.1200 against the dollar on Thursday and generally narrow ranges prevailed.
- The final US second-quarter GDP data was revised higher to 1.4% from 1.1% which was slightly stronger than expected.
- Morning Market Rates: (Please note: These are indication prices only, they are not offer rates)
- September 2016
- Sterling continued to find a steadier tone on Wednesday with an easing of selling pressure, although markets remained wary of potential month-end Euro demand.
- The Euro was again confined to narrow ranges on Wednesday with significant Euro-zone and global events unable to trigger a break.
- The August US headline durable goods data was stronger than expected with no change on the month following a revised 3.6% gain for July.
- Morning Market Rates: (Please note: These are indication prices only, they are not offer rates)
- Euro-zone money supply data was stronger than expected with an increase in year-on-year growth to 5.1% for August from 4.9% previously.
- The major US data releases were stronger than expected with the Markit flash PMI services index rising to 51.9 for September.
- Morning Market Rates: (Please note: These are indication prices only, they are not offer rates)
- Sterling was unable to break back above 1.3000 against the dollar in early Europe on Tuesday.
- Sterling came under further selling pressure in early European trading on Monday.
- The German IFO index was stronger than expected with an increase to 109.5 for September from 106.3 the previous month.
- The dollar remained on the defensive on Monday with a gradual decline against major currencies.
- Morning Market Rates: (Please note: These are indication prices only, they are not offer rates)
- Sterling was again undermined by concerns surrounding the EU referendum negotiations on Friday.
- The Euro-zone PMI services sector as a whole weakened to a 21-month low of 52.6 from 52.9 with German data at the lowest level for 39 months.
- The US manufacturing PMI index was weaker than expected with a decline to 51.4 for September from 52.0 previously.
- Morning Market Rates: (Please note: These are indication prices only, they are not offer rates)
- Sterling was able to find support on approach to the 1.3000 area against the dollar on Monday and briefly moved to highs close to 1.3100.
- The Euro was confined to narrow ranges on Monday with support on approach to the 1.1150 area.
- The US NAHB house-price index strengthened to 65 for September from a downwardly-revised 59 the previous month.
- Morning Market Rates: (Please note: These are indication prices only, they are not offer rates)
- Sterling came under sustained pressure on Friday with the currency still undermined to some extent by Thursday’s Bank of England policy meeting.
- The Euro triggered stops below 1.1200 with a decline to lows just above 1.1150.
- The headline US consumer prices reading was stronger than expected with a 0.2% gain for August.
- Morning Market Rates: (Please note: These are indication prices only, they are not offer rates)
- The UK retail sales data was stronger than expected with the monthly decline for August.
- The latest Euro-zone trade data was weaker than expected.
- The US retail sales data was weaker than expected with a 0.3% headline monthly decline.
- Morning Market Rates: (Please note: These are indication prices only, they are not offer rates)
- The latest UK claimant count data was slightly weaker than expected with a 2,400 increase for August.
- The Euro was again able to find support on approach to the 1.1200 area against the dollar on Wednesday.
- There were no significant US data releases on the day with the dollar edging weaker on expectations.
- Morning Market Rates: (Please note: These are indication prices only, they are not offer rates)
- The latest UK CPI inflation data was slightly weaker than expected with the annual rate unchanged.
- The Euro was again confined to narrow ranges against the dollar on Tuesday.
- The US NFIB small-business confidence index was slightly weaker than expected with a reading of 94.4 for August.
- Morning Market Rates: (Please note: These are indication prices only, they are not offer rates)
- Sterling was able to find support just below 1.3250 against the dollar on Monday and rallied back above the 1.3300 level.
- The Euro drifted lower during the European session on Monday, but found support above the 1.1200 level
- Atlanta Fed President Lockhart remained generally optimistic surrounding the economic outlook.
- Morning Market Rates: (Please note: These are indication prices only, they are not offer rates)
- Sterling was unable to make any impression on the dollar and Euro on Friday with a retreat to below the 1.3300 area.
- There were fresh concerns surrounding the German economic outlook following weaker than expected July trade data.
- There was a fresh slide in US bond prices during Friday with 10-year yields rising to two-month highs above 1.67%.
- Morning Market Rates: (Please note: These are indication prices only, they are not offer rates)
- August 2016
- July 2016
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30/09/2016
The latest UK lending data was slightly stronger than expected with an increase to GBP4.5bn for August from GBP3.8bn previously as consum...
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