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23 Mar 2015

CBI Industrial Trends Data in Focus

On Friday, the Pound showed little reaction to the upbeat public sector net borrowing data in the UK. However, Sterling capitalised on the greenback’s losses in the latter half of the trading session and rose above the 1.49 mark. Today, traders will eye the CBI industrial trends survey in Britain to gain an insight into the nation’s manufacturing sector’s health for March. In the Euro zone, traders will keep a tab on the European Commission’s preliminary report which is expected to show an improvement in domestic consumer morale. Across the Atlantic, existing home sales data for February, along with a speech by the US Fed’s Vice Chair, Stanley Fischer, is likely to keep investors interested in the latter half of today’s trading session.