Due for release today is the GBP Nationwide House Prices, EUR German GFK Consumer Confidence Survey and the USD Chicago Fed National Activity.
By Ultimate Forex Profits
Oct 26
This morning the Euro is showing strength and is currently up at around the 1.5027 level. German Gfk November consumer sentiment indicator has come in down at 4.0, weaker than median forecast of 4.5. This morning Sterling is showing weakness and is currently down from its open of 1.6305 and is now at around the 1.6271 level. Obviously in the wake of Friday’s horrendous Q-3 GDP release, there is speculation that the Bank of England will extend QE at the November 5th MPC meeting. There is also rather alot of speculation that the Q-3 GDP data could well be revised upward in time. The JPY/USD pair is down this morning at around the 91.87 mark.
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