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Sterling Gains on Upbeat Retail Sales Results

The British pound received a boost from the monthly retail sales report showing that sales rose 0.6 percent in May. This beat predictions of just 0.1 percent, and helped push the pound to $1.4820 at 12:25 p.m. in London, after reaching $1.4856 yesterday.

Source: Bloomberg.com

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Forex Rates
Interest Rates

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May
24
Today’s Global
Market Events
8:30am

CAD
Corporate Profits q/q
9.0%
USD
Core Durable Goods Orders m/m
1.1% vs. -0.8%
USD
Unemployment Claims
372K vs. 370K
USD
Durable Goods Orders m/m
0.5% vs. -4.0%
9:00am

EUR
ECB President Draghi Speaks
EUR
Belgium NBB Business Climate
-10.6 vs. -10.7
10:30am

USD
FOMC Member Dudley Speaks
USD
Natural Gas Storage
77B vs. 61B
1:00pm

USD
FOMC Member Dudley Speaks
3:00pm

USD
Treasury Sec Geithner Speaks
7:30pm

JPY
Tokyo Core CPI y/y
-0.5% vs. -0.5%
JPY
National Core CPI y/y
0.1% vs. 0.2%