Newsletter – 13th June 2018

Morning Bulletin

Yesterday

  • GBP/EUR opened at 1.1349 and came off to trade a low of 1.1323 before a late rally saw the the market close up at 1.1384.
  • EUR/USD closed down a third of a percent after opening at 1.1782 and closing at 1.1744.
  • Average earnings index 3m/y came in as expected at 2.5%, claimant count change came in at -7.7K vs 11.3k expected and unemployment change 4.2%. 
  • German ZEW economic sentiment came in at -16.1 vs -14.6.
  • US CPI m/m came in as expected at 0.2% and core CPI m/m came in at 0.2% vs 0.1% expected.
  • NATO praised the summit held by Kim Jong-un and President Trump with a statement that said it strongly supports ‘all efforts leading towards the eventual denuclearisation of the Korean Peninsular’.
Overnight
  • GBP/AUD, GBP/NZD and GBP/JPY markets are currently trading 1.7601, 1.9007 and 147.44, respectively.
Today
  • Swiss PPI m/m came in slightly weaker than expected at 0.2% vs 0.3%.
  • UK CPI y/y came in as expected at 2.4% and UK PPI input m/m came in at 2.8% vs 1.7%.
  • At 1.30pm we expected inflation data from the US before the Fed rate, FOMC statement and economic projections at 7pm.
Currency Pair Interbank Rate % Change on Day
GBP/EUR 1.1340 -0.39
GBP/USD 1.3323 -0.36
EUR/USD 1.1744 +0.01
AUD/USD 0.7576 +0.11
Time (GMT) Region Data Release Forecast Previous
13:30 USD PPI m/m 0.3% 0.1%
13:30 USD Core CPI m/m 0.2% 0.2%
19:00 USD FOMC Economic Projections
19:00 USD FOMC Statement
19:00 USD Federal Funds Rate <2.00% <1.75%
19:30 USD FOMC Press Conference