GBP continues to slide. BoJ unanimous in holding rates
From EASYFOREX...
CURRENCY TRADING SUMMARY – 21 DECEMBER 2007 (00:30GMT)
· U.S. Dollar Trading (USD) was range bound on Thursday, supported by sturdy GDP data, released above expectations at 4.9% fort the third quarter. In other news Core PCE was released at 2% (Forecast: 1.8%), whilst the Philly Fed survey was seen at -5.7 for the month of December. In U.S. share markets the NASDAQ was up 39.85 points (+1.53%) whilst the Dow Jones was also up 38.37 points (+0.29%). Crude oil rose by US$0.49 a barrel to US$91.73 following an incident involving two oil tankers in the Suez Canal.
Looking ahead, the Michigan sentiment survey will round up a data filled week for the US economy.
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