Archived Discussion Topic

Weekly Currency Update GBP/EUR       started by HiFX on 17 Jun 2010   (22895)
Message InfoMessage
From HiFX

17 Jun 2010 1:29 AM
(108654)
Due to recent requests we will start to post GBP/EURO each week. Last week, signs that a weaker Euro is beginning to stimulate the euro zone economy could be seen in German factory orders, which were up a hearty 2.9% in April and 29.6% from a year ago. Economic data in the UK continued to show a mixed picture in terms of this recovery with strong retail sales according to the British Retail Consortium contrasted by a dip in industrial and manufacturing production. Cameron continued to warn of deep cuts in the public sector as the platform is set for the budget on the 22nd June. Interesting to note that we didn