- Sterling posted its fourth consecutive day of gains against the euro yesterday after closing up 0.53% on the day. The market opened at 1.0820, traded a high of 1.0921, a low of 1.0810 and closed at 1.0878.
- GBP/USD opened at 1.2052, traded a high of 1.2150, a low of 1.2050 and closed at 1.2080 representing a 0.23% increase on the day.
- Jeremy Corbyn’s plan to prevent a no-deal Brexit has been met with opposition from Lib Dem leader Jo Swinson who said the plan is “not-viable” because he lacked the required support among opposition MPs in Parliament. Mr Corbyn wants to win a no-confidence vote in the government, delay Brexit, call a snap election and campaign for a second referendum. (BBC)
- Jo Swinson also said that Tory Ken Clarke and Labour MP Harriet Harman are both prepared to lead an emergency government to avoid a no-deal Brexit.
- UK retail sales m/m came in better than expected at 0.2% vs -0.3%.
- US core retail sales m/m came in at 1.0% vs 4.0% and Philly Fed manufacturing index data came in at 16.8 vs 10.1.
- US retail sales m/m also came in better at 0.7% vs 0.3% expected.
- GBP/AUD, GBP/NZD and GBP/JPY are currently trading at 1.7884, 1.8871 and 128.92, respectively.
- US building permits are due at 1.30pm and then preliminary UoM consumer sentiment data will follow at 3pm.
|Currency Pair||Interbank Rate||% Change on Day|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|15:00||USD||Prelim UoM Consumer Sentiment||97.2||98.4|