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Day: September 23, 2016
September 232016
Pound Ends Trading Lower as Boris Johnson Hints at Brexit Timing
The Great Britain pound ended trading lower against its major peers, being dragged down by comments from British Foreign Secretary Boris Johnson, who signaled that the process of Britain’s exit from the European Union may start earlier than it was previously anticipated. Specialists were saying that it may take up to two years for the United Kingdom to initiate its breakaway from the EU. Yet […]
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September 232016
Canada’s Inflation & Retail Sales Miss Expectations, CAD Suffers
The Canadian dollar dropped against its rivals today as consumer prices and retail sales reports failed to reach market expectations, suggesting that Canada’ economy does not feel particularly well. The Consumer Price Index fell 0.2% in August (not adjusted for seasonal variations, the seasonally adjusted drop was 0.1%) versus the analysts’ expectations of 0.1% growth. The core components of the index showed no change whereas markets were counting […]
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September 232016
Euro Trades Higher After Markit Releases PMIs
The euro was trading higher against its most-traded peers today after Markit released a bunch of Purchasing Managers’ Indexes for the major countries of the eurozone as well as for the whole region. Markit released data for manufacturing and services industries in France, Germany, and the whole eurozone. Most indexes were above expectations, painting a decent picture of the European economy. The only exceptions were the services indicators for Germany and the eurozone, which were below forecasts. But even […]
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