GBP emerges Stronger against Rivals on Cabinet Approvals

Daily Update - 15th November 2018

Yesterday’s Market

• GBP Consumer price index
• EUR Gross domestic products
• USD consumer price index Ex food & Energy

Yesterday’s Explained

During Mid-Day GBP Consumer Price Index turned out to be neutral indicating the current inflationary & purchasing trends of UK Market with Brexit headlines and strength in rival currencies made USD to loosen its grip.

 

Today’s Focus

• AUD employment change & unemployment rate.
• USD retail sales.

Today’s Explained

AUD employment change & unemployment rate is expected to turn out positive to show massive expansion in Australian economy.

USD retails sales figures will be released today which is often taken as a consumer confidence mat have a bearish movement in USD.  Later today there is a speech from Fed’s chairperson Jerome Powell which has influenced the market lately.