- Workers’ wages in the UK have risen faster than expected in the three month to July according to official figures from the ONS. Wages grew by 2.9% excluding bonuses. Earnings have no outstripped inflation for four months. (BBC)
- The governor of the Bank of England Mark Carney has said he will be officially staying on as governor until January 2020 to ensure a smooth Brexit transition. This decision minimises the potential of policy uncertainty as the UK negotiates its exit from the EU.
- GBP/USD opened at 1.3025, traded a high of 1.3087, a low of 1.2965 and closed at 1.3030.
- GBP/EUR opened at 1.1230, traded a high of 1.1263, a low of 1.1205 and closed at 1.1221.
- EUR/USD closed up a tenth of a percent after opening at 1.1592 and closing at 1.1604.
- Conservative MPs that are opposed to PM May’s Brexit plan have met to discuss how and when they could force her to stand down as PM according to BBC News. Environment Secretary Michael Gove said leadership speculation was ‘loose talk’ and urged MPs to unite behind May.
- Australian Westpac consumer sentiment came in at -3.0% overnight following a figure of -2.3% last time around.
- GBP/AUD, GBP/NZD and GBP/JPY are trading at 1.8299, 1.9981 and 145.28, respectively.
- All data of note comes from the US today.
- US PPI m/m is expected at 1.30% alongside core PPI m/m.
- At 3.30pm we have crude oil inventories.
- FOMC member Brainard is expected to speak at 5.45pm.
|Currency Pair||Interbank Rate||% Change on Day|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|13:30||USD||Core PPI m/m||0.2%||0.1%|
|15:30||USD||Crude Oil Inventories||-1.3M||-4.3M|
|17:45||USD||FOMC Member Brainard|