MARKET NEWS 1ST APRIL 2010
Good Morning,
GBP
The Pound hit a high of €1.1269 against the Euro. The move came despite little economic data from the United Kingdom. The Pound also picked up against the US Dollar as it gained steadily throughout the day. The day ahead will once again have limited economic data releases from the United Kingdom.
EUR
The Euro picked up against the US Dollar on the back of better than expected data. The German Unemployment Rate fell from 8.2% to 8.0%, which was better than expected. The Unemployment Rate for the European Monetary Union matched analysts’ expectations. The day ahead may see more movement for the Euro as the German and European Purchasing Manager Index will be released.
Chris Canning
Archive News
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