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- European session: the pound after U.K. retail sales data
European session: the pound after U.K. retail sales data
Data:
08:00 Eurozone Current account, adjusted, bln March -1.3 3.4 9.1
08:30 United Kingdom Bank of England Minutes -
08:30 United Kingdom Retail Sales (MoM) April +1.8% -0.7% -2.3%
08:30 United Kingdom Retail prices, Y/Y April +3.3% +1.0% -1.1%
09:00 Eurozone Industrial New Orders s.a., m/m March -1.3% -0.1% +1.8%
09:00 Eurozone Industrial New Orders, y/y March -6.1% +2.8%
09:15 United Kingdom MPC Member Bean Speaks -
10:00 United Kingdom CBI industrial order books balance May -8 -9 -17
The euro fell on speculation a summit of European Union leaders today will provide no new measures to stem the sovereign debt crisis.
The common currency dropped as European Central Bank council member Andres Lipstok said policy makers aren’t planning more stimulus at the moment.
Britain’s pound weakened against the dollar after a report showed U.K. retail sales fell the most in more than two years.
Sales including auto fuel declined 2.3% in April from the previous month, a report showed today. The median forecast of economists was for a 0.7% decline.
EUR/USD: pair showed low in $1,2610 area, then receded.
GBP/USD: the pair showed low below $1,5700. Later the rate restored in $1,5720 area.
USD/JPY: the pair decreased in Y79.30 area.
This is followed at 1400GMT by monthly New-Home Sales data and also the FHFA Home Price Index.
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