The EUR/GBP dipped 33 points as the euro eased today and the pound recovered helping the currency to trade at 0.8628. Sterling inched up on Monday after
The EUR/GBP dipped 33 points as the euro eased today and the pound recovered helping the currency to trade at 0.8628. Sterling inched up on Monday after registering its strongest week in five against the dollar, as a run of robust economic data suggested Britain’s economy was faring better than expected following its vote to leave the European Union.
The pound was boosted last week after inflation and retail sales numbers for July beat forecasts, adding to signs there has been little immediate impact on consumer from the Brexit vote. Better-than-expected jobless claims data also lifted sterling.
A government spokeswoman said Prime Minister Theresa May would not invoke Article 50 of the EU’s Lisbon Treaty, which formally begins divorce proceedings, before the end of this year. “We don’t recognize this briefing,” a Downing Street spokeswoman said when asked about the report.
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Upcoming Economic Events that you should be monitoring:
August 23, 2016
Country | Name | Volatility | Previous |
GBP | Inflation Report Hearings | 3 | |
USD | Durable Goods Orders CORE | 2 | -0.5 |
USD | Durable Goods Orders | 2 | -4 |
USD | New Home Sales (MoM) | 2 | 0.592 |
USD | New Home Sales Change (MoM) | 2 | 3.5 |
Government Bond Auctions
Date Time Country Auction
Aug 24 10:03 Sweden Holds bond auction
Aug 24 10:30 Germany Eur 4bn 0% Oct 2021 Bobl
Aug 24 18:00 US Holds 2yr FRN auction & 5yr note auction
Aug 25 18:00 US Holds 7yr note auction
Aug 26 10:10 Italy Holds zero coupon