Corporate foreign exchange news

Published by Zeb BhamForeign exchange trading in the pound will be lively this morning (February 9th) following the publication of key housing and retail spending data.Currency trading analysis site Forex Crunch reports that after a slow start to the week, the latest figures from the British Retail Consortium and the Royal Institution of Chartered Surveyors are likely to put pressure on the pound this morning.Analysts anticipate that house price data will be weaker than it was last month, with a drop in the number of regions where real estate prices are rising expected.However, Trade Balance figures due out later today may provide support for sterling, as the deficit is expected to have fallen from 6.8 billion to 6.6 billion.Later in the week, Forex Crunch anticipates that the Bank of England inflation report may throw up a few surprises, while central bank governor Mervyn King's accompanying statement may provide support for the pound, which is currently at a nine-month low against the dollar.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site