This morning the EUR/USD pair has shown strength and is currently down at the 1.4394 level. The Asian session was very volatile, price moves exacerbated by rumours of a coup in Pakistan (denied). Cable slipped back slightly in early European trade and is now currently at the 1.6241 level. Lots of news for cable today 09:00 GMT: UK November car production data from the SMMT, 09:30 GMT: PSNCR for November expected 17.3 bln, PSNB expected 23.0 bln, 09:30 GMT: Mortgage approvals for November expected 64k from previous 61k, 09:30 GMT: Total business investment Q3 expected -3.0% q/q, -21.7% y/y, 09:30 GMT: CML mortgage lending data, BOE trends in lending data, 09:30 GMT: M4 money supply for November (prov) expected +0.6% m/m, +10.0% y/y. This morning the USD/JPY pair has recovered from its earlier losses and is now back up at around the 90.07 level.
Due for release today there is also the JPY BOJ Press Conference and EUR German IFO Business Climate.
By Ultimate Forex Profits
