- GBP/EUR continued to make gains on Thursday posting its seventh consecutive positive day.
- The market opened at 1.1286 and pushed up 0.35% on the day to close at 1.1326.
- GBP/USD posted a loss for the first time in five days coming off by 25 points of Thursday. The market opened at 1.3960 and traded a high of 1.3988 before coming to close at 1.3936.
- There was mixed data from the US yesterday with Empire State manufacturing index coming in better than expected at 22.5 vs 14.9, Philly Fed manufacturing index coming in weaker than expected at 22.3 vs 23.1 and unemployment claims coming in roughly on par with expectations at 226K vs 227K.
- Business NZ manufacturing index came in at 53.4 after printing a figure of 54.4 last time out.
- The Japanese industrial production m/m was revised to -6.8% after initially being released at -6.6%.
- At 10am we have final CPI y/y which is expected to come in at 1.2%.
- At 12.30pm we have foreign securities purchases and manufacturing sales m/m from Canada and building permits and housing starts from the US.
- At 1.15pm we have capacity utilisation rate and industrial production from the US.
- Finally, we expect US preliminary UoM consumer sentiment at 2pm.
|Currency Pair||Interbank Rate||% Change on Day|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|10:00||EUR||Final CPI y/y||1.2%||1.2%|
|12:30||CAD||Foreign Securities Purchases||9.11B||-1.97B|
|12:30||CAD||Manufacturing Sales m/m||-0.8%||-0.3%|
|13:15||USD||Capacity Utilisation Rate||77.7%||77.5%|
|13:15||USD||Industrial Production m/m||0.3%||-0.1%|
|14:00||USD||Prelim UoM Consumer Sentiment||99.2||99.7|