As the week draws to a close, there is still plenty of information set for release that can move markets. Tonight, we turn to the UK again.

The EUR/USD broke back into $1.25 territory, hitting a high of $1.25099. It is not far off that high at the moment, currently trading at $1.25023. The GBP/USD also climbed higher throughout the night. After reaching session lows of $1.40203, it climbed to session highs of $1.41007. Like the Euro, the pound is not far off those highs, trading at $1.41000.

The Dow climbed in early trading before pulling back around 300 points to hit session lows of 24,800. After that, it reversed all of those losses and added over 100 points to currently trade at highs of 25,263.30. The Dax reached session highs of 12,182.15 before falling away to session lows of 12,273.15. It rebounded from that level to be currently trading at 12,358.60.

Looking at the day ahead and the most important economic information once again comes from the UK. Later tonight, the UK will be releasing Retail Sales data. After a bad result last month (-1.5% vs -0.8% expected), markets are looking for an improvement. Analysts are expecting a 0.5% growth in this figure. This would represent a 2% turnaround from the month before. Other data set for release today include:

Europe – German WPI

Canada – Foreign Securities Purchases, Manufacturing Sales

US – Building Permits, Housing Starts, Import Prices, Prelim UoM Consumer Sentiment & Inflation Expectations

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