Leftover data provides currency markets with some life

Welcome back to our regular readers after the festive break, we hope Father Christmas brought you everything you asked for. As for sterling, it seems Santa has been kind and brought a little bit of further strength as we come back in to find the pound fairing well across the board. Up against the ever weakening US dollar, hitting fresh highs in Asian trade overnight and still buoyant against the single currency Euro, as is the case against most major currencies. As we enter the lull period between Christmas and New Year, there is very little happening on the markets with only a few tit-bits of “left over” data for investors and traders to dine off. German and Spanish retail sales are due out this morning, along with UK Nationwide house price data. Later on this afternoon once Wall Street wakes from the festivities, we have pending home sales and the Dallas Fed manufacturing business index, none of which are very key releases and are unlikely to have much affect on the markets. So for now thats it. We are here throughout the next few working days up until the New Year to help transact any last minute trades required so don’t hesitate to contact one of the team if you have a need. For now, enjoy the rest of the festivities and we look forward to speaking with you soon.