We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.
Hide

February

Dollars Down Under benefit from China-US truce

Published: Thursday 14 February 2019

  • Yen and US Dollar weaken
  • Brexit debate sets direction for Pound
  • UK housing prices fall
 
The Australian and New Zealand Dollars are the strongest performers for today, as the markets seem to be happy with positive developments in the US-China trade negotiations. The idea of a 60-day extension to the trade truce is certainly welcomed.

Yen and US Dollar weaken

Data from both Japan and Germany showed both countries narrowly avoided technical recession at the end of last year. Nevertheless, such positive sentiment has not been reflected in the markets. For now, the Yen is the weakest currency for today, followed by the US Dollar.

Brexit debate sets direction for Pound

The direction of the Pound will be determined by the Brexit debate in the House of Commons today. More on that later…

UK housing prices fall

The latest UK house price survey from the Royal Institution of Chartered Surveyors (RICS) balanced dropped to -22 in January, below the expectation of -20. It seems that both buyers and seller activity continues to slip. London and the South East are leading price weakening at a national level. Because of the drop in sales, the lettings market is faring better, however, with demand rising. So, some good news for overseas property buyers in the UK…
You may also find interesting:
The data diary for today

Eurozone Gross Domestic Product (GDP) and employment data will be the focus during European trading.

Later in the day, US Retail Sales, Producer Price Indices, Jobless Claims and Business Inventories will be released. Near neighbours, Canada, will also release their manufacturing sales data and New Housing Price Index.

Happy Valentine’s Day

Happy Valentine’s Day to you all! It’s refreshing to see a move away from overt commerciality this year, as lots of people talk about celebrating Valentine’s Day with their friends and wider family, rather than just earmarking the celebrations for a significant other. Gives you that warm and fuzzy feeling. On the other hand, I could be cynical and point out that this could be a very clever ploy to sell more Valentine’s tat… Either way, enjoy your celebrations of love however you want to!

Happy Valentine’s Day


Happy Valentine’s Day to you all! It’s refreshing to see a move away from overt commerciality this year, as lots of people talk about celebrating Valentine’s Day with their friends and wider family, rather than just earmarking the celebrations for a significant other. Gives you that warm and fuzzy feeling. On the other hand, I could be cynical and point out that this could be a very clever ploy to sell more Valentine’s tat… Either way, enjoy your celebrations of love however you want to!

Today's Major Economic Releases

Market BST Data/Event Previous Expected
EUR 10:00 EU: Flash Gross Domestic Product 0.2% 0.2%
EUR 10:00 EU: Flash Employment Change 0.2% 0.2%
CAD 13:30 Canada: Manufacturing Sales -1.4% 0.3%
USD 13:30 US: Producer Price Index -0.2% 0.1%
USD 13:30 US: Core Producer Price Index -0.1% 0.2%
USD 13:30 US: Retail Sales 0.2% 0.1%
USD 13:30 US: Core Retail Sales 0.2% 0.0%
USD 13:30 US: Unemployment Claims 234k 225k

For more information, infographics and the latest currency insights, visit www.halofinancial.com/news
Currency markets can be highly volatile! Make the most of your money

Speak to one of our consultants