Newsletter – 13th November 2018

Morning Bulletin

Yesterday

  • GBP/EUR opened at 1.1441, traded a high of 1.1479, a low of 1.1399 and closed at 1.1456.
  • GBP/USD opened at 1.2914, traded a high of 1.2946, a low of 1.2827 and closed at 1.2848 representing a loss of over a half of a percent on the day.
  • Michel Barnier says that the Brexit deal is ‘largely defined’.
  • It is widely believed that by Wednesday, there will not be time to organise a EU summit in November.
  • It was a quiet date in terms of data as we had Veteran’s Day in the US.
Overnight
  • GBP/AUD, GBP/NZD and GBP/JPY are currently trading 1.7930, 1.9137 and 147.23.
  • Australian NAB business confidence came in at 4 after coming at 6 last time out.
Today
  • UK average earnings index 3m/y came in as expected at 3.0% which is the fastest pace in the three months to September in just under a decade.
  • The UK unemployment rate came in higher than expected at 4.1% vs 4.0%.
  • German ZEW economic sentiment has come in at -24.1 as expected.
Currency Pair Interbank Rate % Change on Day
GBP/EUR 1.1480 +0.18
GBP/USD 1.2908 +0.46
EUR/USD 1.1243 +0.23
AUD/USD 0.7200 +0.40

 

Time (GMT) Region Data Release Forecast Previous
16:00 USD FOMC Member Brainard Speaks