ECB Press Conference


Technical Analysis Daily Majors & Minors

• GBP/USD – The pound fell against the U.S. dollar on Wednesday, weighed by data showing that manufacturing activity in the U.K. expanded at the slowest pace in 17 months in September. But how will it trend today?

• EUR/USD - received a minor boost and reached fresh daily highs after data showed US manufacturing activity expanded at a slower pace in September. How will this trend today?

Quick Daily update

• The tax cuts being proposed by David Cameron would cost around £7.2bn, the Treasury has said. • Thousands of customers trying to renew their car tax online are experiencing problems with the Driver and Vehicle Licensing Agency (DVLA) website.

Daily News To Watch

Thursday 2nd October 2014 Previous Forecast Actual 09:30am GBP Constuction PMI 64.0 63.7 12:45pm EUR Minimum Bid Rate 0.05% 0.05% 13:30pm EUR ECB Press Conference - - 13:30pm USD Unemployment Claims 293k 299k

By Nikhil Pankhania

Senior Market Analyst & Trader

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