- Sterling strengthened against the US dollar and the euro yesterday.
- GBP/EUR rallied from 1.1176 to close 0.51% higher at 1.1233.
- GBP/USD closed the day at 1.3024 after opening at 1.2922 representing a 0.79% increase on the day.
- The sterling rally was caused by the latest ‘Barnier Bump’ as European Chief Negotiator Michel Barnier said that it is ‘realistic’ that an agreement with the UK could be reached in six to eight weeks.
- The ONS published a strong GDP reading with GDP m/m coming in at 0.3% vs 0.2% expected.
- UK Manufacturing production m/m came in weaker than expected at -0.2% vs 0.2%.
- UK goods trade balance came in at -10.0B vs -11.7B expected.
- Australian NAB business confidence came in at 4 when it previously came in at 7.
- GBP/AUD, GBP/NZD and GBP/JPY are currently trading at 1.8324, 1.9969 and 145.13, respectively.
- UK average earnings index 3m/y came in slightly better than expected at 2.6% vs 2.4% expected.
- UK claimant count change came in soft at 8.7k vs 6.9k expected and the unemployment rate came in as expected at 4.0%.
- German ZEW economic sentiment came in at -10.6 vs -13.5 expected.
|Currency Pair||Interbank Rate||% Change on Day|