Afternoon wrap - EUR on the up as JPY gives back gains
The GBP initially made positive gains against major counterparts as better-than-expected numbers were released this morning with the unemployment down to 7.7% (-0.1% month-on-month). Since, however, the EUR/GBP has climbed 0.17% to £0.8412 following BoE members suggesting further monetary easing was a likely possibility. Also, concern now surrounds the UK's participation within the EU as David Cameron suggests a UK referendum for the UK electorate on whether or not to exit the EU.
Elsewhere, EUR/CAD moved higher by 0.16% to $1.3208 ahead of the Bank of Canada's release of its monetary policy report, revealing an interest rate decision for which expectations are for rates to be held at 1%.
Data to be released later today includes; Mexican retail sales, South Korean GDP and Japanese trade balance.
Story provided by StockMarketWire.com