UK: CBI Distributive Trades Survey – Orders falls into contraction in October

FXstreet.com (Barcelona) - The UK CBI Distributive Trades Survey – Orders dropped to -4 in May from 9 registered the previous month, the Confederation of British Industry signalized on Thursday. Consensus pointed to a rise to 10.

Oct 24, 2013

GBP/USD retraces daily gains

The GBP/USD found resistance at the 1.6225 area during the European session and resumed its consolidative phase ahead of UK GDP figures tomorrow.

Flash: Euro continues to strengthen against USD - BTMU

Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ notes that the euro continues to strengthen against the US dollar rising to a new annual high above the 1.3800-level supported in the near-term by the widening monetary policy divergence between the ECB and Fed.