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22.09.2015 12:11

Foreign exchange market. European session: the British pound traded lower against the U.S. dollar after the release of the negative economic data from the U.K.

Economic calendar (GMT0):

(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)

00:00 Japan Bank holiday

01:30 Australia House Price Index (QoQ) Quarter II 1.6% 4.7%

06:00 Switzerland Trade Balance August 3.58 Revised From 3.74 2.87

08:30 United Kingdom PSNB, bln August -0.07 Revised From -2.07 8.65 11.31

10:00 United Kingdom CBI industrial order books balance September -1 0 -7

The U.S. dollar traded higher against the most major currencies in the absence of any major economic reports from the U.S.

The FOMC member Dennis Lockhart will speak at 22:30 GMT.

The euro traded lower against the U.S. dollar as comments by the European Central Bank (ECB) Chief Economist Peter Praet still weighed on the euro. He said on Monday that the central bank will expand its asset-buying programme to defend its inflation objective if needed.

Destatis released its real wages growth data for Germany on Tuesday. Real wages in Germany rose by 2.7% year-on-year in the second quarter, after a 2.5% growth in the first quarter. It was the biggest increase since the series began in 2008.

Nominal earnings climbed 3.2% year-on-year in the second quarter. In the same period, German consumer price index increased 0.5%.

The British pound traded lower against the U.S. dollar after the release of the negative economic data from the U.K. The Confederation of British Industry (CBI) released its industrial order books balance on Tuesday. The CBI industrial order books balance dropped to -7% in September from -1% in August, missing expectations for a rise to 0%.

The decrease was partly driven by a fall in export order book balance. The export order book balance plunged to -24% in September from -8% in August.

The balance for output volumes for the next three months was 0% in September, down from +14% in August.

The Office for National Statistics released public sector net borrowing for the U.K. on Tuesday. The public sector net borrowing in the U.K. rose to £11.31 billion in August from £0.07 billion in July. July's figure was revised up from -£2.07 billion. Analysts had expected an increase to £8.65 billion.

Public sector net borrowing excluding public sector banks totalled £12.1 billion in August, up by £1.4 billion from last year. It was the highest level for August since 2012.

Total debt was £1,506 billion in August, up £68.9 billion from last year. It was equal to 80.6% of GDP.

The increase in debt was driven by a decline in income tax paid.

The Swiss franc traded lower against the U.S. dollar after the release of the Swiss trade data. The Swiss trade surplus fell to CHF2.87 billion in August from CHF3.58 billion in the previous month. July's figure was revised down from a surplus of CHF3.74 billion.

Exports dropped 2.4% in August, while imports were down 4.0%.

EUR/USD: the currency pair decreased to $1.1154

GBP/USD: the currency pair fell to $1.5428

USD/JPY: the currency pair declined to Y119.69

The most important news that are expected (GMT0):

13:00 U.S. Housing Price Index, m/m July 0.2%

14:00 Eurozone Consumer Confidence (Preliminary) September -6.9 -7

14:00 U.S. Richmond Fed Manufacturing Index September 0

22:30 U.S. FOMC Member Dennis Lockhart Speaks

22.09.2015 11:50

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