Tag Archives: GBP
European FX Daily
* US retail sales drive modest paring of Fed QE trades * Singapore (new report): we expect the pace of SGD appreciation to slow * Empire Fed to give a first look at August US data
GBP Analysis
Opened early Europe at $1.5695, stg0.7872, GBP closed in NY at $1.5684 after pulling back from a late Europe high of $1.5717. Rate pressed on support at $1.5680 into early Asia, eventually breaking below, as it tracked early EUR/USD slippage (prompted by Tokyo EUR/JPY sales), trading to a low of $1.5675.
Dbdaily: European Edition
HEADLINES… * Markets: EU/US equities modestly in the red on weekend comments from ECB’s Coene and as newswires report a possible challenge to the German Constitutional Court’s ESM ruling, CHN bourses also a little softer early Tuesday but most of Asia in the black.
European FX Daily
* Kiwi retail sales stronger than expected * Indian central bank reiterates hawkishness * Euro area GDP likely contracted in Q2 * Greece to sell EUR3.1bn of 91-day bills
Asia today: EUR sees renewed short-covering; NZD pops, retreats
There was a slightly better mood for risk and risk currencies in today’s Asian session as the EUR consolidated it overnight gains.
GBP Analysis
Opened early Europe at $1.5670, stg0.7846, GBP closed in NY Friday at $1.5690 after spiking back from a low of $1.5570 to $1.5701. Rate consolidated this correction in Asia with trade contained within a relatively tight $1.5562/84 range, opening Europe around $1.5570.
CFTC: Net dollar long at six month low; AUD receives another lift
Speculative investors in the eight IMM currency futures tracked in this report continued to scale back their dollar long positions for a third week.
European FX Daily
Currencies and equities mixed * Japan Q2 GDP weaker than expected * Focus on US survey data for August
GBP Analysis
Opened early Europe at $1.5625, stg0.7867, GBP closed in NY at $1.5638 after rate recovered off a retest on intraday lows of $1.5606, having seen highs earlier in the day at $1.56878 (Asia, Europe $1.5685).
Busy Asian session ahead with BoJ and Chinese data
We’ve got a busy Asian session ahead with Chinese data galore and an Aussie employment report. The BoJ will also be on tap with its latest decisions on monetary policy.
FX Daily Strategist: Europe
Dovish BoE inflation report could put some pressure on GBP Sterling’s recent underperformance may have been stabilised by Tuesday’s slightly better-than-expected industrial production data, but today’s key event – the BoE Inflation Report – could lead to some renewed weakness.
GBP Analysis
Opened early Europe at $1.5621, stg0.7935, GBP closed in NY at $1.5640 after recovering from an initial post NFP react low of $1.5518 to a high of $1.5658 before settling between $1.5630/50 into the close.