- GBP/EUR fell by 0.19% yesterday – the market opened at 1.1618, traded a high of 1.1631, a low of 1.1566 and closed at 1.1597.
- GBP/USD fell by 0.06% after opening at 1.3004, trading a high of 1.3035, a low of 1.2967 and closed at 1.2997.
- Donald Trump has increased tariffs on $200bn worth of Chinese imports after US-China trade talks broke down. This has heightened tensions between the two nations and China will likely respond with import taxes on US goods.
- Canadian trade balance came in weaker than expected at -3.2B vs -2.4B.
- US PPI m/m came in as expected at 0.2% and core PPI m/m came in slightly weaker at 0.1% vs 0.2%.
- Theresa May met with senior DUP members Arlene Foster and Nigel Dodds yesterday. The DUP said they wanted the result of EU referendum delivered in a way which “strengthens the union”.
- GBP/AUD, GBP/NZD and GBP/JPY are trading at 1.8577, 1.9710 and 142.80, respectively.
- UK GDP m/m came in weaker than expected at -0.1% vs 0.0% expected.
- UK manufacturing production m/m came in stronger than expected at 0.9% vs 0.1%.
- Preliminary GDP q/q came in at 0.5%.
|Currency Pair||Interbank Rate||% Change on Day|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|13:30||USD||Core CPI m/m||0.2%||0.1%|