Forex News: Cable Tests 2.0115 On Softer-Than-Expected UK CPI, Will Canadian CPI Foll


[B][U]Fundamental Headlines[/U][/B]
• [B]NZDUSD[/B] – NBNZ business confidence fell to a reading of -24.9 from -19.6 amidst high energy prices and concerns that a credit crunch and economic slowdown in the US puts global growth at risk.
• [B]USDCHF[/B] – Swiss retail sales growth (adjusted for inflation and shopping days) slowed to 2.2 percent in October from last year, down from 7.1 percent in September. However, real retail sales rose an annualized 6.1 percent on the back of spending on clothing and shoes.
• [B]GBPUSD[/B] – UK CPI was relatively muted in November, as the index rose 0.3 percent from the month prior, leaving the annual rate unchanged at 2.1 percent. Though this figure is just slightly above the Bank of England’s target, annual core CPI actually fell back to a one year low of 1.4 percent, and the fact that massive gains in energy prices during the month did not feed through may be of comfort to the central bank.
• [I]ECB Attempts to Prod Fearful Banks to Lend[/I] (link) – The Wall Street Journal
• [I]Fed’s ‘Balance of Risks’ Tact Is Met With Internal Criticism[/I] (link) – The Wall Street Journal
• [I]Poll Shows Dive In Support For Japanese PM Fukuda[/I] (link) – Financial Times
• [I]Japan Government Cuts Assessment of Company Profits[/I] (link) – Bloomberg
• [I]Australian Central Bank Says Credit Slump Halted Rise[/I] (link) – Bloomberg
• [I]UK Treasury Extends Northern Rock Guarantee[/I] (link) – Financial Times
• [I]UK Inflation Rate in November Lower Than Forecast[/I] (link) – Bloomberg