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Euro holds gains against British Pound after weaker UK Retail Sales data
The EUR/GBP cross posts modest gains to around 0.8570 during the early European session on Friday. The British Pound (GBP) edges slightly lower against the Euro (EUR) following disappointing UK economic data.
France Business Climate in Manufacturing above forecasts (101) in August: Actual (103)
France Business Climate in Manufacturing above forecasts (101) in August: Actual (103)
Equities: Mixed recovery after US selloff – Deutsche Bank
Deutsche Bank strategists note that United States (US) equities fell sharply as earlier gains in fixed income reversed, with losses across the S&P 500, Nasdaq and Magnificent Seven. Weak Walmart earnings and slower US sales growth added to concerns about consumer resilience.
Forex Today: US Dollar stays near multi-month lows ahead of key PMI data
Here is what you need to know on Friday, August 21:
British Pound holds gains against a weak US Dollar despite downbeat UK Retail Sales
The British Pound (GBP) trades firm against the US Dollar (USD) on Friday, with the GBP/USD pair pushing against six-month highs in the 1.3660 area at the time of writing, on track for a 0.8% weekly rally.
Asian stocks gain despite easing pressure on global bond yields
Asian share indices hold gains on Friday, though they remain on track for weekly losses as pressure on global bond yields eases. US Treasury yields resumed their upward trajectory following a brief reprieve triggered by Wednesday’s unexpected Treasury intervention.
Euro: Further upside toward 1.1725 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang highlights EUR/USD at 1.1685 holding recent gains, with intraday trading likely between 1.1655 and 1.1715.
Denmark Industrial Outlook declined to 97.9 in August from previous 99.2
Denmark Industrial Outlook declined to 97.9 in August from previous 99.2
United Kingdom Retail Sales decline 0.5% MoM in July, as expected
Retail Sales, a key measure of consumer spending, in the United Kingdom (UK)Â declined 0.5% month-over-month (MoM) in July after rising by 0.7% in June (revised from 1.0%), the latest data published by the Office for National Statistics (ONS) showed on Friday.
Sweden Unemployment Rate down to 7.8% in July from previous 9.9%
Sweden Unemployment Rate down to 7.8% in July from previous 9.9%
United Kingdom Retail Sales (YoY) came in at 1.6% below forecasts (2.2%) in July
United Kingdom Retail Sales (YoY) came in at 1.6% below forecasts (2.2%) in July
United Kingdom Retail Sales (MoM) meets expectations (-0.5%) in July
United Kingdom Retail Sales (MoM) meets expectations (-0.5%) in July
United Kingdom Public Sector Net Borrowing came in at £1.8B, above forecasts (£0.3B) in July
United Kingdom Public Sector Net Borrowing came in at £1.8B, above forecasts (£0.3B) in July