Eurozone GDP today

As of late the currency market has been heavily Euro driven and yesterday we saw much of the same with data releases going in favour of the Euro. In the morning the UK released consumer credit and mortgage approvals which both came in worse than expected. This put more pressure on Sterling throughout the day and as a consequence the Pound lost just over a cent on the Euro. With July now over August brings a flurry of data releases the market will be in full swing and highly volatile surround those releases so make sure you are not caught out by any nasty surprises.

This morning the UK released market manufacturing which came in better than expected, the figure has given Sterling a small boost to start the day. The Eurozone has also released GDP figures which have come out as expected which could provide the Euro some stability against the Pound. Later in the day the US release a raft of data starting at 1.30pm the states release Personal consumption expenditures, personal income data and personal spending. Later in the afternoon at 2.45pm Markit manufacturing is to be announced and at 3pm ISM figures will be released along with construction spending. In the late evening at 10.45pm the unemployment rate in New Zealand will be announced.