1-6 Economic Calendar
UK Nationwide HPI
UK Nationwide HPI m/m came in at -0.2%, weaker than the 0.2% expected.
Gbp/Usd resides at 1.5415 in very quiet trading.
12-28 Economic Calendar
British Bankers Assoc. mortgage approvals slightly weaker than expected
BBA mortgage approvals came in at 34,700, weaker than the 36,300 expected.
Gbp/Usd off slightly, trading at 1.5675.
12-23 Economic Calendar
S&P’s Tan; smooth N. Korean succession won’t impact S. Korea rating
* ratings take into account temporary security risks; “as long as its is temporary, there will be no impact”
* there can be a negative impact on S. Korea rating if succession is not smooth
KOF Institute cuts Swiss 2012 GDP forecast to 0.2% from 1.5% previous estimate
Eur/Chf trades just off highs at 1.2242.
E/Z surplus at 0.3 billion euros for October
E/Z Trade Balance came in at a 0.3 bln euro surplus, weaker than the 1.3 bln expected.
Eur/Usd trades at 1.3030.




