5 May 2010 - ODL Group Limited (“ODL”), a leading, independent forex, derivatives, equities and commodities broker, announces today that it has agreed on terms to be acquired by US-based FXCM Holdings LLC (“FXCM”), a leading global forex broker that caters to both retail and institutional markets. ODL’s strong UK and European businesses will provide an excellent complement to FXCM’s sizeable operations in both the United States and Asia. The combined companies will operate as one of the largest...

The British Pound surged nearly a 100 pips as the U.K trade balance shrank in November as exports reached the highest level in over a year. The trade deficit contracted to -6.75 billion from -7.0 billion as a weaker sterling and an improving global economy spurred demand for British goods.

Read more: DailyFX - Pound Finds Support on Rise in Exports, Euro Weighed As China Takes Measures To Slow Credit http://www.dailyfx.com/forex/fundame...#ixzz0cQPVhBMq

Retail spending in the U.S. increased 1.2% in November to top expectations for a 0.6% rise, while the previous month’s reading was scaled back to reflect an expansion of 1.1% from an initial forecasts for a 1.4% rise. Moreover, sales less autos increased 1.2% after holding flat in October, while retail demands excluding autos and gas expanded 0.6% amid projections for a 0.2% rise.

Read more: DailyFX - U.S. Retail Sales Tops Forecast, Import Prices Jump on Higher Oil Prices http://www.dailyfx.com/forex/market_...#ixzz0ZPBdAmI8