The global situation and the Year's End
The US Dollar has still shown a significant improvement in its price, although it has declined in the past two weeks and the US existing Home sales fell due to high mortgage rates. However, the crude oil jumped to $54 and has now made its way to its highest peak in the past 17 months all the while the Asian stock markets remained calm. The Wall Street stocks likewise dropped with the rise in US Dollar prices.
GBP - Do these three surveys impact the Great Britain Pound
The office of National Statistics (UK) releases a Goods Trade Balance report on a monthly basis, which usually measures the difference between the number of exports over the imported items. The usual effects of this report are good for the underlying currency if they indicate that more goods are exported than are imported.
Looking at the current industrial production data of UK manufacturing sector, we can easily spot a decline of 1.3 % m/m which is the biggest drop-off in its previous four years history, despite experts suggesting a 0.2% increase.
Euro Falls to Lowest Since March as Draghi Guarded on QE Course
The euro fell to its lowest level since March after Mario Draghi signaled Thursday quantitative easing won’t come to an “abrupt” end, leaving traders waiting until at least December for news about policy changes.