Daily Market Report - 16/09/2014

GBP:
There was no new data released yesterday from the UK, as all eyes are
currently set around the Scottish referendum vote on Thursday. Although
David Cameron did speak yesterday, his speech merely suggested that
voters shouldn’t base their vote on whether or not they are in favour
of Cameron’s government.

EUR:
No data came out concerning the euro yesterday . The main focus of the ECB is

EUR:
No data came out concerning the euro yesterday . The main focus of the ECB is
to prevent deflation in the euro zone. There have been suggestions that now is
the time to implement quantitative easing to aid it’s sluggish
recovery. Today we have ZEW economic sentiment from
Germany. This currently stands at 8.6% and is expected to fall
heavily to 4.8% this is potentially due to the effect of the
new European sanctions on Russia.

USD:
US factory output dropped 0.4 after a 0.7 percent rise in July. This reflected
a sharp fall in production at auto plants, which was reported to be mainly due
to seasonal adjustment problems. With this said, total industrial production
was down 0.1 percent in August, which was also the first setback for the
overall figure since January 2014.

Also in the US, the output of motor vehicles and parts dropped 7.6 percent
after a 9.3 percent increase in July. The data was not viewed to be worrying
for the US . It has been reported that the July figure was boosted because many
plants did not shut down as they normally do to retool for new models,
ultimately making August look weaker.

Key Announcements:

09:30 BST – GBP: UK Inflation Figures for August Currently
standing at 1.6% and expected to fall to 1.5%.

10:00 BST – EUR: ZEW Economic Sentiment (September) for the Eurozone
currently at 23.7% and is expected to fall to 21.3%

10:00 BST- EUR: ZEW Economic Sentiment (September) for Germany expected to
fall from 8.6 to 4.8

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Daily Market Report – 16/09/2014