Daily Archives: May 18, 2010
Sterling Forecast – Data that could move exchange rates today
The key info to keep an eye on today is inflation data. UK inflation figures are released at 9:30, followed by EU figures at 10:00am, then US figures at 13:30. If you would like to find out a little more about how these figures could move exchange rates, fill in the form on the right, and one of the PSF writers will give you a call.
Other releases today are: German consumer confidence and EU trade balance figures at 10 am, followed by US housing figures at 12:30. Trade balance was a big mover for sterling exchange rates last week, however the European figures are expected to be positive and with the recent euro weakness reducing the cost of EU exports, it wouldn’t surprise me if we see a very positive figure from the EU this morning. If we do it could cause some Euro strength. If you are looking to sell Euros this could be good news, as you may see a short term spike in your favour.
