Weak announcement knocks back EURUSD

Review: The EU finance ministers have announced that they will give Greece an additional two years to reduce the country’s debts to an acceptable level. The IMF uses a softer rhetoric and will not confirm that Greece is given additional time. The problem is that Greece is still short of financing for the coming period as the EU/IMF has announced that they will not accept further debt restructuring. Hence Greece and therefore also the financial markets are confused about the short-term plan to

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Weak announcement knocks back EURUSD

UK: Core Consumer Price Index (YoY): 2.600 %

Date (GMT) Event Cons. Actual Previous Nov 13 09:30 Core Consumer Price Index (YoY) 2.600 % 2.100 % Read the official report at National Statistics News UK: Annual CPI jumps to 2.7% in October (FXstreet.com) Tue, Nov 13 2012, 09:47 GMT Forex: GBP/USD jumps after UK data before settling at 1.5893/98 (FXstreet.com) Tue, Nov 13 2012, 09:46 GMT United Kingdom Core Consumer Price Index (YoY) rises to 2.6% in Oct (FXstreet.com) Tue, Nov 13 2012, 09:35 GMT United Kingdom Consumer Price Index (MoM):0.1% in Oct and (YoY): 2.7% (FXstreet.com) Tue, Nov 13 2012, 09:30 GMT Forex Flash: UK CPI downward momentum has probably come to an end for now – ING (FXstreet.com) Tue, Nov 13 2012, 08:53 GMT

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UK: Core Consumer Price Index (YoY): 2.600 %

UK: Producer Price Index – Input (YoY) n.s.a: 0.100 %

Date (GMT) Event Cons. Actual Previous Nov 13 09:30 Producer Price Index – Input (YoY) n.s.a -0.500 % 0.100 % -1.000 % Read the official report at National Statistics News UK: Retail Price Index rises 0.6% in October (FXstreet.com) Tue, Nov 13 2012, 10:09 GMT UK: Annual PPI – Output rises 3.3% in October (FXstreet.com) Tue, Nov 13 2012, 09:59 GMT UK: Oct PPI Core Output (MoM) n.s.a grows 0.1%; (YoY) up 1.4% (FXstreet.com) Tue, Nov 13 2012, 09:35 GMT UK Oct PPI – Input (YoY) n.s.a improves 0.1% and (MoM) grows 0.4% (FXstreet.com) Tue, Nov 13 2012, 09:33 GMT United Kingdom Retail Price Index (MoM) improves to 0.6% in Oct from 0.5%. (YoY) up 3.2% vs. 2.6%. (FXstreet.com) Tue, Nov 13 2012, 09:31 GMT

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UK: Producer Price Index – Input (YoY) n.s.a: 0.100 %