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US Dollar weakens

Encouraging news released from Barclays stating that they are well funded and will not be requesting support from government.

Stock markets across Europe improved and market confidence visibly grew. Another currency to be hit by dealers being less worried about risk aversion was the Yen, which gave back some of its recent gains noticeably against the Euro and Sterling.

There is much data due in the Eurozone today with import prices already coming in lower than predictions the bigger number is due at 9 o'clock UK time with the German IFO survey once again expected to show a lower figure. Also due in the Eurozone this morning is the current account and investment flow figure for the Eurozone as a whole.

This afternoon in the US we have the US consumer confidence figure due which actually should show an upturn. It all adds up to another frantic day on the exchanges.