Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

NBC Daily Forex : October 07, 2013

Published 10/08/2013, 01:18 AM
Updated 05/14/2017, 06:45 AM
This morning, European stock markets and S&P 500 futures are down by close to 1%, due mainly to the failure to reach an agreement in Washington over the weekend. The U.S. government has been shut down for a week now, and House of Representatives Speaker John Boehner has insisted that he will not raise the nation's debt ceiling until President Obama opens negotiations on the budget. Democrats and the Republicans have until October 17 to reach an agreement, or the country will hit its debt ceiling and no longer be able to borrow funds.

The British pound is up against the US dollar, this morning, as the publication of a report revealed last night that the financial industry in the UK has reached a peak of 17 years in the last quarter. The currency is trading at 1.6091 and is at the top of the range of the past two years.

On our side of the border, Building Permits figures for August will be released at 8:30 this morning. Analysts expect a decline of 7.4%, well below the +20.7% seen in July. Wishing you a great week! Philippe Shebib

Range of the day: 1.0275-1.0375
Building permits of August

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.