Daily Market News 18 July 2011

Friday’s Market Movers

  • Early Friday we saw the European Trade Balance come out significantly better than previous, but more importantly better than analysts had predicted. This saw little movement however as the main focus for Europe rested on the stress tests for banks coming up later in the day.
  • It was a day of poor figures for the US on Friday as we saw Consumer Price Index figures remain flat but a string of negative data in the form of Industrial production figures, Capacity Utilisation and Reuters/Michigan Consumer Sentiment saw the Dollar remain relatively weak against the EUR and GBP.

 Today’s Market Movers

  • There is no data from the UK or EU today.
  • The only piece of data from the US is the Net long term flows which is expected to see a significant increase from previous. Given the current climate however this is unlikely to have any major individual impact.

GBP/EUR

GBP/USD

EUR/USD