- 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’.
- GBP/AUD, GBP/NZD and GBP/JPY markets are currently trading 1.7601, 1.9007 and 147.44, respectively.
- 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|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|13:30||USD||Core CPI m/m||0.2%||0.2%|
|19:00||USD||FOMC Economic Projections|
|19:00||USD||Federal Funds Rate||<2.00%||<1.75%|
|19:30||USD||FOMC Press Conference|