Daily Market Report – 19/09/2014

GBP:
The market focus was set around the Scottish referendum, with a no vote
determined the pound had its biggest  24 hour move in over
a year. GBP also strengthened notably against the EUR (2-year highs), CHF (2
year highs) and of course the JPY (6 year highs) as the Japanese government
admits defeat and downgrades its economic assessment for the first time in 5
months.

U.K. retail sales rose the most in four months in August, helped in part by a

GBP:
The market focus was set around the Scottish referendum, with a no vote
determined the pound had its biggest  24 hour move in over
a year. GBP also strengthened notably against the EUR (2-year highs), CHF (2
year highs) and of course the JPY (6 year highs) as the Japanese government
admits defeat and downgrades its economic assessment for the first time in 5
months.

U.K. retail sales rose the most in four months in August, helped in part by a
surge in demand for vacuum cleaners before new restrictions on powerful
electrical appliances came into effect. The volume of sales including auto fuel
increased 0.4 percent from July.

USD:
The Initial Jobless Claims released by the US Department of Labour came in at
280K better than 305K expected by economists.

Firms responding to the Manufacturing Business Outlook Survey indicated that
there was continued growth in the region’s manufacturing sector in September.
Although the current activity index fell from its relatively high reading in
August, the other broad indicators increased from their readings last
month. 

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