German IFO Business Climate


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


EUR German Ifo Business Cliamte 106.3 105.9


USD New Home Sales 412k 432k

By Nikhil Pankhania

Senior Market Analyst & Trader

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