- GBP/EUR opened at 1.1363 yesterday and traded a low of 1.1341 before recovering and then some closing at 1.1405.
- UK average earnings came in slightly weaker than expected at 2.6% vs 2.7% expected which caused GBP/EUR to drop to the low of the day.
- The UK claimant count change came in much higher than expected at 31.2K vs 13.3K whereas the unemployment rate came in at 4.2% as expected.
- Flash GDP q/q from the Eurozone came in as estimated at 0.4% and the German ZEW economic sentiment came in at -8.2 vs -8.0 expected.
- GBP/USD continued to trade within its recent range opening at 1.3555 and coming off to trade a low of 1.3451 before recovering slightly to close at 1.3502.
- US core retail sales m/m and retail sales m/m both came in weaker than expected both at 0.3% vs 0.5% and 0.4%, respectively.
- Empire state manufacturing was expected to be 15.1 but exceeded expectations with a figure of 20.1.
- Preliminary GDP q/q from Japan came in weaker at -0.02% vs 0.0% expected.
- Australian wage price index q/q also came in weaker at 0.5% vs 0.6% expected.
- GBP/AUD, GBP/NZD and GBP/JPY are trading at 1.8026, 1.9601 and 148.76.
- At 10am we have final CPI from the Eurozone before ECB President Draghi speaks at 1pm.
- At 1.30pm we have manufacturing sales m/m from Canada alongside US building permits.
- Following that we have capacity utilisation rate from the US with industrial production m/m at 2.15pm.
|Currency Pair||Interbank Rate||% Change on Day|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|10:00||EUR||Final CPI y/y||1.2%||1.2%|
|13:00||EUR||ECB President Draghi speaks|
|13:30||CAD||Manufacturing Sales m/m||1.1%||1.9%|
|14:15||USD||Capacity Utilization Rate||78.4%||78.0%|
|14:15||USD||Industrial Production m/m||0.6%||0.5%|