Dec 17
The EUR/USD pair has shown weakness this morning and is currently down at the 1.4342 level. There is talk of US custodial buying just south of present level. This morning Cable has shown considerable weakness dropping from its open of 1.6333 and is now currently at the 1.6101 level. UK November retail sales came in at -0.3% m/m, +3.1% y/y, weaker than median forecasts of +0.5%, +3.7%, respectively. The monthly rate was the lowest since May. The JPY/USD pair has shown strength this morning and is currently up at around the 89.96 level.
Due for release today is the GBP Retail Sales, GBP CBI Realized Sales, CAD Core CPI, USD Unemployment Claims and Philly Fed Manufacturing Index.
By Ultimate Forex Profits
