mask Dollar Firm on Upbeat US Data While Pound & Euro on Back Foot

17/ 07/ 2019

Dollar Firm on Upbeat US Data While Pound & Euro on Back Foot

Daily Update – 17th July 2019

Yesterday's Focus

  • EUR ZEW Survey Economic Sentiment
  • GBP ILO Employment Rate

Yesterday's Exlained

The shared currency came under selling pressure following the release of the German ZEW survey, which showed that Economic Sentiment in the country fell. 

The UK released its latest employment data, which was overall strong, as the unemployment rate in the three months to May held as expected.

However, market participants chose to sell Sterling on the back of comments from PM candidates Boris Johnson and Jeremy Hunt, both said that the Irish backstop is “dead” adding that they will take it away from any future negotiation with the EU. European politicians have repeatedly said that they won’t renegotiate the withdrawal deal, hence, fears of a hard-Brexit increased.

 

Today's Market

  • GBP Consumer Price Index
  • EUR Consumer Price Index
  • USD Housing Stats

Today’s Focus

The UK will release June inflation data this Wednesday, the EU will release June inflation data, with the CPI and The US will release June Housing Starts and Building Permits.