News

GBP rally seen as short squeeze, not repricing of UK risk – ING

The Pound Sterling (GBP) remains firm, though analysts view the move as a short squeeze rather than a fundamental reassessment of UK risk. While GBP/USD may rise into year-end, BoE easing should keep EUR/GBP supported around 0.88, ING's FX analyst Chris Turner notes.

Source  Fxstreet1764928902

Greece Gross Domestic Product s.a (YoY): 2% (3Q) vs 1.7%

Source  Fxstreet1764928869

Eurozone Gross Domestic Product s.a. (YoY) meets forecasts (1.4%) in 3Q

Source  Fxstreet1764928854

Eurozone Gross Domestic Product s.a. (QoQ) above expectations (0.2%) in 3Q: Actual (0.3%)

Source  Fxstreet1764928848

Italy Retail Sales n.s.a (YoY): 1.3% (October) vs 0.5%

Source  Fxstreet1764925257

Italy Retail Sales s.a. (MoM) above expectations (0.4%) in October: Actual (0.5%)

Source  Fxstreet1764925251

Switzerland Foreign Currency Reserves rose from previous 725B to 727B in November

Source  Fxstreet1764921723

Austria Wholesale Prices n.s.a (MoM): 0.9% (November) vs -0.3%

Source  Fxstreet1764921701

Austria Wholesale Prices n.s.a (YoY): 0.9% (November) vs 0.2%

Source  Fxstreet1764921676

Spain Industrial Output Cal Adjusted (YoY) down to 1.2% in October from previous 1.7%

Source  Fxstreet1764921633

Austria Trade Balance: €-230.8M (September) vs €-1895.6M

Source  Fxstreet1764921613
Japan’s Kihara: Remains vigilant to excessive, disorderly moves in FX market

Japan chief Cabinet secretary, Minoru Kihara said during the European trading session on Friday that the government will take appropriate steps to support the Japanese Yen (JPY) against excessive and disorderly moves in the FX market.

Source  Fxstreet1764921116

France Industrial Output (MoM) registered at 0.2% above expectations (-0.3%) in October

Source  Fxstreet1764920745

France Trade Balance EUR increased to €-3.92B in October from previous €-6.58B

Source  Fxstreet1764920733

France Current Account climbed from previous €-1.6B to €1.1B in October

Source  Fxstreet1764920731

France Imports, EUR down to €55.7B in October from previous €58.5B

Source  Fxstreet1764920703

France Exports, EUR dipped from previous €51.92B to €51.7B in October

Source  Fxstreet1764920703

France Trade Balance EUR increased to €-3.9B in October from previous €-6.58B

Source  Fxstreet1764920702

Germany Factory Orders n.s.a. (YoY) up to -0.7% in October from previous -4.3%

Source  Fxstreet1764918132

Germany Factory Orders n.s.a. (YoY) up to 1.5% in October from previous -4.3%

Source  Fxstreet1764918124

United Kingdom Halifax House Prices (MoM) below forecasts (0.4%) in November: Actual (0%)

Source  Fxstreet1764918011

Germany Factory Orders s.a. (MoM) registered at 1.5% above expectations (0.5%) in October

Source  Fxstreet1764918008

South Africa Net $Gold & Forex Reserve: $70.024B (November) vs $69.364B

Source  Fxstreet1764914706

South Africa Gross $Gold & Forex Reserve rose from previous $71.55B to $72.07B in November

Source  Fxstreet1764914451

Japan Leading Economic Index increased to 110 in October from previous 108.6

Source  Fxstreet1764911047

Japan Coincident Index rose from previous 114.6 to 115.4 in October

Source  Fxstreet1764910895

Singapore Retail Sales (YoY): 4.5% (October) vs 2.8%

Source  Fxstreet1764910834

Singapore Retail Sales (MoM) increased to 2.3% in October from previous -1.4%

Source  Fxstreet1764910833

India Reverse Repo Rate unchanged at 3.35%

Source  Fxstreet1764909283

India RBI Interest Rate Decision (Repo Rate) meets expectations (5.25%)

Source  Fxstreet1764909238
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