EUR/GBP went up from 0.841 to 0.844 before dropping to around 0.837 during the time BoE Minutes will be released. So far, no major movement yet for this currency pair.
Later on there will be FOMC minutes at 19:00 GMT time, expected some volatility for major currencies during this time..
The next important news will be on 20 November 2008 at 9:30 GMT time (UK Retail Sales for October) which will affect GBP movement. As for USD, some factors that might affect the movement are at 13:30 GMT time (US Jobless Claims Report), at 15:00 GMT time (Philadelphia Fed Manufacturing Survey for November) and finally at 16:00 GMT time, there will be Treasury Secretary Paulson speech.
Expected some volatility movement for GBP and USD tomorrow.
Wednesday, November 19, 2008
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