Currency Market Updates

Euro Pain Continues…

The yield on Greek government debt continued to rise, while Spain’s unemployment rate worsened giving the euro a hard time in the markets.

Pound Remains Weak So All Eyes Are on the Fed…

The British Pound came under some selling pressure yesterday as the advanced Q4 GDP reading disappointed with a weaker than expected reading. Economic activity in the UK expanded only 0.1% in the fourth quarter of 2009…

UK Limps Out of Recession

UK has finally emerged from the recession…German Ifo business climate index came in better than expected…European stocks are down, oil and gold is lower.

We Are Waiting for the UK and US GDP Data

There is little economic data today, therefore the markets will be left to their own devices for the next couple of trading sessions. The re-appointment of the dovish Ben Bernanke is seen as vital for the continuation of growth in the US economy going forward.

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