Euro weaker, Dollar stronger as week draws to close
13 April, 2012
Sterling has finished the week up against the Euro, as concerns about the rising cost of debt swept equity and currency markets. The Pound is up nearly a cent to the top of recent trading ranges as we head towards the weekend.
The US Dollar, conversely, is stronger with rates for sending US Dollars a cent lower than at the beginning of the day. US producer inflation figures, out today, showed stonger demand than expected, in a rare piece of good news for the US economy which has increased the cost of the dollar.
Next week, we have Eurozone trade balance figures on Monday morning, and US retail sales on Monday afternoon, both of which are influential on currency values. The next major UK data is consumer inflation, out on Tuesday at 9.30am.
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