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GBP/JPY Price Forecast: Bright UK data helps the Pound to extend its recovery
The British Pound (GBP) is bouncing strongly against the Japanese Yen (JPY) in Wednesday’s early London session, supported by the upward revision of the UK's Gross Domestic Product (GDP) and a positive surprise in the Current Account.
Forex Today: Market focus shifts to critical US inflation and employment data
Here is what you need to know on Wednesday, September 30:
Austria Producer Price Index (MoM): 0.9% (August) vs 0.3%
Austria Producer Price Index (MoM): 0.9% (August) vs 0.3%
Austria Producer Price Index (YoY) up to 4.6% in August from previous 3.3%
Austria Producer Price Index (YoY) up to 4.6% in August from previous 3.3%
Euro recovers strongly against Japanese Yen, German HICP in focus
The Euro (EUR) has recovered a majority of its early losses against the Japanese Yen (JPY), but is still 0.14% down at around 178.13 during the European trading session on Wednesday.
Sweden Consumer Confidence (MoM) climbed from previous 98 to 102.2 in September
Sweden Consumer Confidence (MoM) climbed from previous 98 to 102.2 in September
Turkey Unemployment Rate down to 7.8% in August from previous 8.1%
Turkey Unemployment Rate down to 7.8% in August from previous 8.1%
Turkey Trade Balance meets forecasts (-5.24B) in August
Turkey Trade Balance meets forecasts (-5.24B) in August
France Producer Prices (MoM) registered at 1% above expectations (0%) in August
France Producer Prices (MoM) registered at 1% above expectations (0%) in August
France Consumer Price Index (EU norm) (YoY) came in at 3.4%, above expectations (3%) in September
France Consumer Price Index (EU norm) (YoY) came in at 3.4%, above expectations (3%) in September
France Consumer Spending (MoM) below forecasts (0%) in August: Actual (-0.5%)
France Consumer Spending (MoM) below forecasts (0%) in August: Actual (-0.5%)
France Consumer Price Index (EU norm) (MoM) came in at -0.4%, above forecasts (-0.5%) in September
France Consumer Price Index (EU norm) (MoM) came in at -0.4%, above forecasts (-0.5%) in September
Euro dips further against British Pound as German Retail Sales disappoint
The Euro (EUR) extends losses for the fourth consecutive day against the British Pound (GBP) on Wednesday, as German retail consumption figures failed to cheer investors while the UK Q2 Gross Domestic Product (GDP) was revised higher.