Switzerland: KOF Leading Indicator down to 1.03 in February

The SwissKOF Leading Indicator decreased to 1.03 in February from 1.12 registered the previous month, according to data released today by the Konjunkturforschungsstelle Swiss Institute for Business Cycle Research. Analysts expected the indicator to fall more to 1.00.

Feb 27, 2013

Forex: EUR/USD trading near session highs at 1.3085/86

The EUR/USD has continued to trade in positive territory, albeit slightly off its highs of 1.3094. At the time of writing, the pair has secured an advance of +0.19% thus far during European trading, operating in the region of 1.3085/86.

Forex Flash: GBP/USD on the defensive as downside in focus – UBS

In theory, the inconclusive Italian general election result could have provided a temporary respite for sterling. And it did - but only for a few hours. However, it was not long before parliamentary testimony from Bank of England policymakers soon had the pound on the defensive once again and sterling's slow grind lower continued overnight, eventually sending Cable sub-1.51.