Daily Market News 10 May 2011

Yesterday’s Market Movers

  • There was no data from the UK or US yesterday.
  • From Europe we had Sentix investor Confidence which came out a lot worse than previous, the euro started to weaken after this figure was released but it was not the main reason as to why we saw the euro come off yesterday.

Today’s Market Movers

  • There is again no data from the UK today, risk appetite was the trend yesterday as we saw the US dollar gain back losses it made last week.
  • In the United states today we have Import Price index figure for the month and the year.  This is expected higher than previous for the year however for the month it is expected a lot lower than previous , this figure could create more risk aversion in the market and as a result the dollar could strengthen.

GBP/EUR

GBP/USD

EUR/USD