Bad News from Britain dominates today’s trading session. Other than that, German CPI and American Spending data will also gather attention. Let’s see what’s up.
German Import Prices fell by 0.5%, more than 0.4% that was expected. The Prelim CPI in Germany will be released by the German states.
Industrial New Orders in Europe are expected to fall by 5.7%. This will exceed last month’s fall of 5.2% and will be bad for Europe.
British Current Account showed a deficit of 7.6 billion, much more than 5.8 that was expected. Maybe this figure will b ring GBP/USD down.
Final GDP in Britain fell by 1.6%, more than 1.5% that was previously thought. Despite being a late figure, this is another weight on the British Pound.
BOE Chief Economist Spencer Dale might will speak soon, and might shed some light on the state British economy. Later, BOE Deputy Governor Paul Tucker will also speak.
