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UK CBI reported sales slide- GBP/USD slips
The latest sales report from the UK CBI (Confederation of British Industry) has not long ago been released and it was a very disappointing number. The sales index slumped to -44. The markets had expected a reading of around +2, which is where it was last time. The Pound reacted to the data too, which is not always the case. This news has taken the heat out of the recent rise, but in real terms, not by that much yet. Of course, the US data later this afternoon is very much in play for the GBP/USD too. That might explain modest move lower following this data. The GBP/USD is currently trading at 1.2513 as the EUR/GBP edges off recent lows
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Dow Jones slides more than 600 points as White House tries to spin the positive
As expected the US stock markets slid into the opening and that has seen more than 2% falls for the Nasdaq 100 and the S+P 500. Meantime, the Dow...
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Dissecting the US data as US stock futures fall- check out the Nasdaq 100 futures right now
Following on from the previous update, noting the fall in US Q1 flash GDP at the same time as prices have risen, here is some more colour and opinion...
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US flash Q1 GDP falls and core PCE prices rise more than forecast- USD/JPY rises and falls
The very important US Q1 GDP estimate and core PCE price index have just been released. The flash estimate for Q1 GDP has shown a fall of 0.3% . That...
