Sterling on Centre Stage with Dollar pressured on Sell off due to Growing Trade Tensions

Daily Update - 11th September 2018

Yesterday Market

• GBP Gross Domestic Product
• FOMC Member Bostic Speech
• CNY Producer Index & Consumer Price Index

Today’s Focus

This week the High Tier data will be released by the End of the week. But to kick start the busy week GBP released their GDP figures which came positive boosting the GBP further.

China being one of the largest Economies around the Globe these figures will show the trend of the current Economic Trade Conditions and its outlook after Trump’s accusations of China.

While the major highlight was around the comments by Chief EU Brexit negotiator Michel Barnier stated that a Brexit deal was likely to be achieved in 6-8 Weeks.

 

Today’s Markets

• GBP Average Earnings Excluding Bonus & ILO Unemployment Rate
• Germany ZEW Economic Sentiment

Today’s Focus

Great Britain Data will be the highlight of today with Average Earnings & ILO Unemployment rate could be a significant indicator of United Kingdom’s current Job Sector conditions.

Followed by Germany ZEW Economic Sentiment which will give us an indication on the Business Confidence in Germany along their purchasing trends.