FX.co ★ UK in Danger Zone - Fundamental Analysis, for March 28, 2012

The novelty of the day passes, so far we got at least the confirmation of that the UK GDP fell again in the fourth quarter of 2011, which again put the world economy the dangerous zone.
Thus the government's austerity measures, which imposed heavy budget cuts, were not followed to, the restrictive policy of the Bank of England keeps interest rates at record low for three years so it can be very hard to start reversing.
The British pound lost ground since the publication of data, particularly against the euro, which is fixed above 1.33, but for now is getting closer to 1.34.
Meanwhile, commodity currencies also lose positions these times. The ounce of gold fell before touching $ 1,700, bringing the Australian dollar close to 1.04 again. And the Canadian dollar, oil tracker, points again to parity against the dollar, moving very slowly.
With approaching fiscal year end in March in Japan, the yen's movements tend to accelerate. There is speculation that several companies Nippon can repatriate their profits from abroad, which usually gives the yen upward momentum. This is usually repeated every March, for one and the same reason.
No other news of importance are expected with European exchanges operating higher (0.45% on average), and the Dow Jones index futures shy resuming an uptrend. We will see how the market will react to the durable goods data and this the most important report of the day. At 10:30, meanwhile, weekly oil inventories data will be published. Both figures, of course, are in America.