- Sterling fell to its lowest value against the euro since the end of September as GBP/EUR dropped to 1.1172. It had opened at 1.1234 and traded a high of 1.1241, a low of 1.1152 before settling at 1.1172 representing a 0.55% fall on the day.
- GBP/USD opened at 1.2779, traded a high of 1.2790, a low of 1.2711 and closed at 1.2729 representing a loss of 0.39% on the day.
- Analysts at JP Morgan said on Friday that the odds of the UK staying in the EU had doubled to 40%,
- Canadian employment change came in far better than expected at 94.1K vs 10.5K and their unemployment rate came in at 5.6% vs 5.8%.
- US average hourly earnings m/m and non-farm payrolls came in at 0.2% vs 0.3% and 155k vs 198k, respectively. The unemployment rate came in as expected at 3.7%.
Over the Weekend
- Richard Tice, head of Leave Means Leave said he could see Theresa May calling a second EU referendum and believes there is a 50/50 chance that it will happen.
- Chinese trade balance came in better than expected at 306B vs 227B.
- UK GDP m/m is expected to come in at 0.1% this morning and manufacturing production m/m is expected to come in at 0.0%.
- MPs will make their final arguments before they vote on Theresa May’s Brexit deal tomorrow.
|Currency Pair||Interbank Rate||% Change on Day|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|09:30||GBP||Manufacturing Production m/m||0.0%||0.2%|