(+357) 22314160


Show news:

21.05.2015 18:10

American focus: the US dollar fell markedly against the British pound

The pound has appreciated significantly against the US dollar, reaching thus the level of $ 1.5700, which was mainly due to the publication of positive data on retail sales in Britain. Recall that in the UK retail sales rebounded in April at a faster than expected pace amid rising sales in non-food stores. Office for National Statistics reported that retail sales, including automotive fuel, increased by 1.2 percent for the month, offsetting the 0.7 percent drop in March. Sales are expected to grow by 0.4 per cent. With the exception of automotive fuel sales increased by 1.2 percent after it remained unchanged in March. Economists had forecast growth of 0.2 percent in April. Sales in food stores fell by 0.1 percent compared to the previous month, while sales of non-food stores increased by 2.4 per cent. In view of the motor fuel retail sales growth accelerated to 4.7 percent year-on-year in April from 4 percent in March and exceeded the 3.8 percent growth forecast of economists. Retail sales excluding automotive fuel also rose by 4.7 percent, but slightly slower than the increase of 4.8 percent in March. Sales are expected to grow by only 3.7 percent.

The dollar retreated from a session low against the euro, but still shows a moderate decrease. A slight pressure on the US currency had data on the housing market. The National Association of Realtors reported: housing sales in the secondary market decreased by 3.3% last month from March to a seasonally adjusted annual rate reached 5.04 million. Sales in March were revised up to 5.21 million. From the originally reported 5.19 million. Economists had expected April sales will increase to an annual rate of 5.24 million. Sales in April rose by 6.1% compared with the same month a year earlier. The median sale price of homes in the secondary market increased by 8.9% compared with a year earlier to $ 219,400 in April, saying the biggest increase since January 2004. This price is only close to the peak reached in 2006, when the average selling price for the year was $ 221 900. In view of the current sales pace, it would take 5.3 months to exhaust the supply of homes on the market. Total stocks of dwellings in late April increased 10% to 2.21 million. Houses are available for sale.

Furthermore, the market's attention is directed to the situation in Greece. Today starts the summit of EU leaders in Riga, where the main focus will be on the negotiations of Greece with the European partners. However, several EU representatives have already expressed on this subject and did not expect that in the framework of this meeting, an agreement is reached. Recall, on the eve of the European Central Bank increased the limit of the amount of funding Greek banks in the framework of emergency provision of liquidity by 200 million euros. This minimum limit increase since the start of the latest series of talks with Greece's international creditors in February. June 5 Greece is obliged to pay 305 million euros to the IMF and the risk to default if no agreement is reached before that date.

Meanwhile, investors will turn their attention to Friday's data on US inflation and the speech of the Fed's Yellen to get fresh instructions on how the economy behaves.

21.05.2015 16:59

WSE: Session Results

Market Focus

January 2018
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002


All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.

To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

Fb twitter linkedIn youtube
proficient forex broker teletrade
  • © 2011-2018 TeleTrade-DJ International Consulting Ltd

    TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.

    The company operates in accordance with Markets in Financial Instruments Directive (MiFID).

  • The information on this website is for informational purposes only. All the services and information provided have been obtained from sources deemed to be reliable. TeleTrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

  • TeleTrade cooperates with SafeCharge Limited, which is an electronic money institution authorized and regulated by the Central Bank of Cyprus and is a principal member of MasterCard Europe and Visa Europe. We also cooperate with Moneybookers and Neteller, which offer electronic e-wallet services authorized and regulated by the Financial Conduct Authority.

    Please read our full Terms of Use.

  • To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

    TeleTrade-DJ International Consulting Ltd currently does not provide its services to residents or nationals of the USA, and also doesn't provide retail Forex and CFD accounts to residents or nationals of Belgium.

Connect with Us
Share on
social networks
Request a callback
Top Page