A stack of data is being published throughout the day with the UK publishing some vital economic data.

The EURUSD showed a bit of fight yesterday, battling its way above $1.08. The pair began the day at $1.07903 and edged up to a near-high $1.08075 mid-session before falling to lows of $1.07814 late in the day. However, it bounced off those lows to climb to a high of $1.08111 in the final hour of the session. It is currently trading at $1.08074. The GBPUSD was hammered overnight despite better-than-expected inflation data. The pound started the day at $1.29957 and remained flat in early trading before ticking up to a high of $1.30227 mid-session. Those highs did not last long as the pound tumbled over the subsequent hours to hit a low of $1.29064 late in the day. It is not far off those lows and is now trading at $1.29190.

The Dow recovered some of the losses sustained earlier in the week after opening at 29,252.95. The index dipped to an early low of 29,246.60 before turning it around and gradually edging up for most of the day, peaking at 29,409.04 late in the day. It is now trading at 29,377.50. The Dax overcame a shaky start to the day to post some solid gains overnight. The German index opened at 13,734.82 and slipped to an early low of 13,709.24. It bounced off those lows and marched its way to a high of 13,789.09 late in the day and closed at 13,772.80.

The UK is set to publish some crucial economic figures later tonight which could bring some volatility. They will be releasing Retail Sales figures in what could be another interesting night for the pound. It is forecast that retail sales are expected to grow by 0.7%, a remarkable turnaround from the -0.6% recorded during the previous month.

Other data published today includes:

Australia – Employment Change, Unemployment Rate

UK – CBI Industrial Order Expectations

Canada – NHPI, ADP Non-Farm Employment Change

US – Philly Fed Manufacturing Index, Unemployment Claims, CB Leading Index, Natural Gas Storage, Crude Oil Inventories

Europe – Swiss Trade Balance, German GfK Consume Climate and PPI, French Final CPI, European Consumer Confidence, ECB Monetary Policy Meeting Accounts

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