UK retail sales data helps pound strengthen
Britain's pound gained around 0.5 per cent against the US dollar and the euro on Thursday, helped by much higher than expected retail sales numbers for November, a boost for an economy that had looked to be cooling off. Sterling hit a day's high of $1.5664 after the numbers showed sales rose 1.6 per cent on the month compared with a forecast of 0.3 per cent, adding to some hopeful signs around Christmas consumer spending. Against the euro, the pound was 0.7 per cent higher on the day at 78.71 pence.
Russian rouble weakens as traders see no major measures in Vladimir Putin speech
The rouble weakened against the dollar and euro on Thursday with traders saying President Vladimir Putin had so far offered no concrete measures to pull Russia out of a crisis at his end-of-year news conference. At 0954 GMT, the rouble was around 3 per cent weaker against the dollar at 62.04 after opening more than 1 per cent higher. The rouble was also around 2 per cent weaker versus the euro at 76.50 on the Moscow Exchange. Traders said they saw no major measures from Putin so far to address the crisis that has seen the rouble collapse around 45 per cent against the dollar so far this year amid slumping oil prices and Western sanctions over Ukraine. They said market moves were exacerbated by thin liquidity and that small volumes were capable of moving the market by several per cent, including trades not related to Putin's speech.
Swiss franc falls vs euro after SNB introduces negative rates
The Swiss franc hit the lowest level against the euro since mid-October on Thursday after the Swiss National Bank introduced a negative deposit rate. The franc weakened to a low of 1.20925 per euro and was last trading down 0.5 percent at 1.2068 on trading platform EBS, edging away from the SNB's three- year old cap of 1.20 francs per euro. It was also the weakest it had been against the US dollar since May 2013 at 0.936 per dollar.
Britain's pound gained around 0.5 per cent against the US dollar and the euro on Thursday, helped by much higher than expected retail sales numbers for November, a boost for an economy that had looked to be cooling off. Sterling hit a day's high of $1.5664 after the numbers showed sales rose 1.6 per cent on the month compared with a forecast of 0.3 per cent, adding to some hopeful signs around Christmas consumer spending. Against the euro, the pound was 0.7 per cent higher on the day at 78.71 pence.
The rouble weakened against the dollar and euro on Thursday with traders saying President Vladimir Putin had so far offered no concrete measures to pull Russia out of a crisis at his end-of-year news conference. At 0954 GMT, the rouble was around 3 per cent weaker against the dollar at 62.04 after opening more than 1 per cent higher. The rouble was also around 2 per cent weaker versus the euro at 76.50 on the Moscow Exchange. Traders said they saw no major measures from Putin so far to address the crisis that has seen the rouble collapse around 45 per cent against the dollar so far this year amid slumping oil prices and Western sanctions over Ukraine. They said market moves were exacerbated by thin liquidity and that small volumes were capable of moving the market by several per cent, including trades not related to Putin's speech.
Swiss franc falls vs euro after SNB introduces negative rates
The Swiss franc hit the lowest level against the euro since mid-October on Thursday after the Swiss National Bank introduced a negative deposit rate. The franc weakened to a low of 1.20925 per euro and was last trading down 0.5 percent at 1.2068 on trading platform EBS, edging away from the SNB's three- year old cap of 1.20 francs per euro. It was also the weakest it had been against the US dollar since May 2013 at 0.936 per dollar.
Research
Via
is a leading financial advisory provides free tips on Indian share
market like Stock
Options Tips, Stock
Option Tips, nifty
options calls, Nifty
Option Tips, Nifty
options tips, Equity
tips, mcx
Gold tips, Free
Ncdex Tips, comex
tips.
No comments:
Post a Comment