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fxpayments

  1. Reaction in currency markets muted with focus on upcoming US NFP data.
  2. € down despite Mario Draghi's optimistism yesterday; €zone's service sector PMI survey had biggest month-on-month drop since '08.
  3. £ up across the board on UK unemployment data, which came in at 8.3%, slightly below forecast of 8.4%
  4. £ up after CPI data meets expectations, moving towards 1.60 against the US$.
  5. £ still down vs US$ on low UK retail sales fell by 0.8%, safe haven currencies incl. yen showing strength - tinyurl.com/max9cw
  6. Well #budget2012 over and £ marginally lower. Seems investors reassured by govt deficit reduction and new growth projections
  7. £ back under pressure on news that govt borrowing hit record high in Feb. News has unnerved markets ahead of Chancellor's #budget update
  8. £ at high vs. US$ ahead of #budget; analysts say current rate of 1.59 not expected to last though...
  9. £ just hit one-month highs vs € as investors prepare for this week’s budget and CPI data.
  10. £ under pressure following ONS data - # of people seeking unemployment benefits up 7,200 to the highest level since November '09...
  11. £ finding some support today after yesterday's lows thanks to pick up in UK exports but positive German data doing little to help € so far
  12. Sorry for radio silence! Back now with dollar soaring on positive US employment data tinyurl.com/max9cw
  13. CHF down vs USD and GBP on the news, steady vs €
  14. Swiss govt has announced new task force looking at capital controls/negative interest rates should € crisis lead to flight into franc.
  15. Successful German bond market 2day, but little currency impact so far. Looks like investors waiting 4 EU summit and 2tomorrow's ECB meeting.
  16. Spain raised over 3bln € at auction today. News pushing € higher vs US $
  17. € rising on global central banks action - bbc.co.uk/news/business-…
  18. Aussie and NZ $s up on news China is lowering reserve requirements. £ up too vs €, CHF and ¥
  19. UK gilt yields at 2.21% (lower than German bunds) after #autumnstatement; £’s sort-of-safe-haven status intact today