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Welcome and good morning thank you for joining us for our Mondays financial daily report.

Analysts are expecting the pound games ahead stay as net lending to individuals rose – 5.2 billion pounds in the UK crude oil is expected to continue Fridays gains as effects from the weaker-than-expected US GDPcan be clearly felt.

Canadian dollar is expected to head lower – statistics Canada revealed the Canadian GDP fell 0.6% the level of the diffusion index based on survey purchasing managers in the Chinese manufacturing industry is expected to increase slightly which will most likely drive the Yen higher against the dollar.

US dollar is supposed to have limited volatility against the Japanese Yen during the speech of FOMC member Dudley the level of a diffusion index based on survey purchasing managers in the UK manufacturing industry is projected to remain the same 49.1 which will likely have no significant effect on the pound dollar pair.

The level of the diffusion index based on survey purchasing managers in the US manufacturing industry is expected to decrease by 0.1 points which will most likely drive the dollar lower against the euro.