Phil Bennetts

Market Update on Currency Transfers 11/11/09



Posted: Wednesday, November 11, 2009

by Phil Bennetts
Sat WorldWide

The Pound has regained some momentum this morning after the shock reaction of the debts of the UK's AAA rating yesterday. However with the Unemployment Rateand; Claimant Count data out today we could see a Holt on any uptrend short term. Stirling opened this morning on a positive foot against the dollar and has stayed the same against the Euro

The Dollar still facing much uncertainty against most of the majors, we could see more down turn over the coming weeks. This however could reverse if world economic data forces investors to retreat to a safe haven currency.

The Euro again broke 1.50 against the Dollar and is holding its own against the pound. With most of the euro zones major data out this Friday (France CPI and Germany's GDP) any Euro gains will be based on the Pound and Dollar weakness.

Major data out today

UK Claimant Count

UK Unemployment Rate

UK BoE release Quarterly Inflation Report

NZ < Retail Sales

Phil Bennetts

Advice on Currency Transfers



Adam Cotton



Business Foreign Exchange



This Article has been viewed 148 times. (Not updated in real-time.)
No comments yet.
We want your comments! If you can read this, you don't have javascript enabled, so you can't use this comment system. Please enable javascript.