Currency Note Worldwide

All quiet on the currency front this Christmas Eve

By Ricky Bean December 24th, 2013

Yesterday was a day when very little seemed to happen to affect exchange rates. Data releases were limited and sterling was very steady across the board. Today may be a bit more lively as we have some data releases out of France; consumer spending data and the final third quarter GDP figures, and out of the US; durable goods order, new home sales and the FHFA house price index.

Exchange rates may move if any of these prove to be widely different from forecast, especially as activity will be reduced in the market place and therefore subject to greater volatility. In the UK we have data on mortgage approvals which is unlikely to cause sterling to move significantly.

So please call your trader today if only to wish him a Merry Christmas!