Sunday, 15 February 2015

Forex - GBP/USD, EUR/GBP Flows: UK Fed Rightmove House price +2.1% m/m, +6.6% y/y; CBI raises UK GDP to 2.7% from 2.5%; GBP at 6-week highs; BoE

UK Fed Rightmove House price +2.1%m/m, +6.6%y/y; to GBP279,004. London house prices +2.8%m/m, +9.7%y/y to GBP582,438.
CBI raises UK GDPfor 2015 to 2.7% from 2.5%, on back of low oil prices.
On FX, GBP/USD looking bid, at 1.5412-15. It hit 6-week highs of 1.5435 earlier, highest level since Jan 2 1.5584. Bids at 1.5380-90 for now, offers at 1.5450-60 from UK clearers, Europeans.
EUR/GBP at 0.7398-00, focus still on the 7-year lows 0.7370-75. With focus on Eurogroup and Greece talks today. Offers at 0.7420-50, bids at 0.7370-80.
 
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