23.03.12

Weak Economic Data in UK Drags Down GBP/EUR

Sterling falters after weaker than expected UK economic data released.
Dollar finds support after weaker Chinese and eurozone data posted.
Global stock markets fall as Chinese PMI data see’s risk aversion return.
New Zealand & Australian dollar fall as risk aversion takes firm hold.
Oil trades at $105.69 per barrel.

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Categories: Market Commentary.