German IFO Business Climate

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Technical Analysis Daily Majors & Minors

• EUR/USD is trading at 1.2848, down -0.01% on the day, having posted a daily high at 1.2902 and low at 1.2843.

• GBP/USD is trading at 1.6360, up 0.01% on the day, having posted a daily high at 1.6417 and low at 1.6303.

Quick Daily update

• Barclays Bank has been fined a record £38m by UK regulators for failing to keep its clients' assets separate from its own.

• Troubled supermarket giant Tesco says its new chief financial officer, Alan Stewart, is joining the company immediately, more than two months earlier than originally planned.

• One of Britain's biggest cigarette companies labels Ed Miliband's plans for a new "tobacco tax" as "unjust and just a bad idea".

Daily News To Watch

Wednesday, 24th September 2014 Previous Forecast Actual

9:00am

EUR German Ifo Business Cliamte 106.3 105.9

3:00pm

USD New Home Sales 412k 432k

By Nikhil Pankhania

Senior Market Analyst & Trader

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