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GBP Depreciates after Consumer Spending and Business Investment Data

From Bloomberg:

The British currency also traded near the weakest level since June against the euro after a government report showed business investment slumped by the most in 24 years in the second quarter. An index of U.K. retail sales fell in August, the Confederation of British Industry said. The Bank of England extended its asset-purchase program this month to pull Britain out of its worst recession in a generation.

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Posted by Dean Popplewell at 6:36 am UTC, 05/22/2012
Posted by Staff at 7:44 am UTC, 05/21/2012
Posted by Dean Popplewell at 3:28 am UTC, 05/21/2012
Forex Rates
Interest Rates

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May
22
Today’s Global
Market Events
6:15am

USD
FOMC Member Lockhart Speaks
10:00am

EUR
Consumer Confidence
-20 vs. -20
USD
Existing Home Sales
4.64M vs. 4.48M
USD
Richmond Manufacturing Index
12 vs. 14
7:50pm

JPY
Trade Balance
-0.60T vs. -0.62T
8:00pm

AUD
CB Leading Index m/m
0.0%
8:30pm

AUD
MI Leading Index m/m
0.2%
Tentative

JPY
Monetary Policy Statement
JPY
Overnight Call Rate
0.10% vs. 0.10%