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| Posted: Middle Eastern sovereign seen selling cable in recent trade. We're at 1.6270, just off 1.6277 session high. Going against the flow, but hey. They have a tendency of doing that.    |
| UK DATA: UK January services PMI higest since May…. Posted: UK DATA: UK January services PMI higest since May 2010  |
| UK DATA: UK January services PMI rises to 54.5 52.0). Posted: UK DATA: UK January services PMI rises to 54.5 (fcast 52.0) vs 49.7 in December.  |
| Posted: So the earlier rumours were pretty much spot on. Much stronger than median forecast of 51.4. 8 month high. Cable has spiked as high as 1.6269, presently at 1.6260. EUR/GBP has tripped stops I spoke about yesterday below 8500 and we've been as low as 8480, presently at .8485. Markit says services PMI boosted ...  |
| France’s Lagarde: Egypt Strife A Concern For Global Economy Posted: PARIS (MNI) - The growing strife in Egypt and its potential impact on oil prices is "clearly a concern" for the global economy, France's Finance Minister Christine Lagarde said Thursday. However, Lagarde said, "We must be wary" of pre-mature predictions ...  |
| EMU DATA: ENU January services PMI rises to 55.9 vs.. Posted: EMU DATA: ENU January services PMI rises to 55.9 (flash 55.2) vs 54.2 in December. EMU composite PMI came in at 57.0 (flash 56.3) versus 55.5 in December - highest since April 2010.  |
| GERMANY DATA: Germany January services PMI rises to.. Posted: GERMANY DATA: Germany January services PMI rises to 60.3 (flash 60.0) vs 59.2 in December. (Rtrs)  |
| Spain’s January ICO consumer confidence 70.7 Posted: Up from 64.6 in December.  |
| German January services PMI (final) 60.3 Posted: Like French data, revised up from flash estimate of 60.0. Highest read since June 2006. UPDATE: Not surprisingly euro zone January services PMI has also been revised up, to 55.9 from flash 55.2. Composite revised up, to 57.0 from flash 56.3.  |
| ITALY DATA: Italy January services PMI falls to 49.9. Posted: ITALY DATA: Italy January services PMI falls to 49.9 vs 50.2 in Dec, the first sub-50 read since July 2010.  |
| FRANCE DATA: France January services PMI rises to vs. Posted: FRANCE DATA: France January services PMI rises to 57.8 (flash 57.1) vs 54.9 in December.  |
| French January services PMI (final) 57.8 Posted: Up from flash estimate of 57.1. Helping steady EUR/USD, presently at 1.3795.  |
| Italian January services PMI 49.9 Posted: Down from 50.2 in December, and weaker than median forecast of 50.5. The data was inadvertedly released early by Italian local language service and will have weighed on EUR/USD. We're presently down at 1.3785.  |
| Pro-Mubarak supporters seen carrying knives, sticks moving towards Tahrir square – Reuters Posted:  |
| France’s Lagarde says not necessarily an increase in EFSF which is needed, but full flexibility Posted: Convergence of tax rates and bases would help create level playing field in Europe  |
| Spain’s January services PMI 49.3 Posted: Better than median forecast of 47.0. Highest read since July.  |
| France’s Lagarde: France and Germany are working on common proposals for euro zone Posted: French, German proposals will need to be approved by all member states Comprehensive package for euro zone will focus on more competitiveness, coordination  |
| Posted: Cable has tacked on a quick half a cent or so, presently at 1.6230 having been as high as 1.6245. There is some talk that the services PMI data for January, out later this morning (09:30 GMT), could come in a fair bit stronger than expected with 54.0 a number being bandied ...  |
| Latest from Mr Taylor at FX Concepts Posted: Here ya go  |
| Mazda CFO: Hope government intervenes as yen too strong Posted: Japanese exporters feelin the hurt.  |
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