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British Pound drifts away from 1.3500 as UK GDP slows down and Industrial Production falls
The British Pound (GBP) treads water against the US Dollar (USD), trading practically flat, a few pips below the 1.3500 level on Thursday's early London session.
Oil: Supply disruptions raise deficit risks – ING
ING analysts Warren Patterson and Ewa Manthey note Oil prices have eased, with Brent crude ending largely flat as US-Iran talks remain in deadlock and Russian port infrastructure escapes major damage.
Switzerland Producer and Import Prices (YoY): -2.1% (July)
Switzerland Producer and Import Prices (YoY): -2.1% (July)
Switzerland Producer and Import Prices (MoM) came in at -0.1% below forecasts (0.2%) in July
Switzerland Producer and Import Prices (MoM) came in at -0.1% below forecasts (0.2%) in July
Euro: Range phase after failed upside break against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that EUR/USD briefly spiked to 1.1562 on the US CPI release before reversing to 1.1524.
British Pound attracts bids against Japanese Yen after UK Q2 GDP data
The British Pound (GBP) attracts slight bids against the Japanese Yen (JPY) during the European trading session on Wednesday, following the release of the preliminary United Kingdom (UK) Q2 Gross Domestic Product (GDP) data.
Japan Machine Tool Orders (YoY) dipped from previous 52.8%Â to 50.4% in July
Japan Machine Tool Orders (YoY) dipped from previous 52.8%Â to 50.4% in July
United Kingdom Total Trade Balance: £-5.537B (June) vs previous £-1.044B
United Kingdom Total Trade Balance: £-5.537B (June) vs previous £-1.044B
United Kingdom Trade Balance; non-EU down to £-10.448B in June from previous £-7.14B
United Kingdom Trade Balance; non-EU down to £-10.448B in June from previous £-7.14B
United Kingdom Goods Trade Balance registered at £-23.007B, below expectations (£-20.5B) in June
United Kingdom Goods Trade Balance registered at £-23.007B, below expectations (£-20.5B) in June
United Kingdom Total Business Investment (QoQ) came in at 1.7%, above forecasts (-0.5%) in 2Q
United Kingdom Total Business Investment (QoQ) came in at 1.7%, above forecasts (-0.5%) in 2Q
United Kingdom Total Business Investment (YoY) climbed from previous -1.3% to 0.8% in 2Q
United Kingdom Total Business Investment (YoY) climbed from previous -1.3% to 0.8% in 2Q
United Kingdom Gross Domestic Product (YoY) above expectations (1.1%) in 2Q: Actual (1.2%)
United Kingdom Gross Domestic Product (YoY) above expectations (1.1%) in 2Q: Actual (1.2%)