Newsletter – 17th May 2019

Morning Bulletin

Yesterday

  • Sterling lost value against the euro for the ninth consecutive day yesterday. GBP/EUR opened at 1.1458, traded a low of 1.1432 and closed at 1.1448 representing a 0.11% loss.
  • GBP/USD opened at 1.2839, traded a low of 1.2787 and closed at 1.2792 representing a 0.37% fall.
  • Talks between the two main parties are set to end without an agreement. The Conservatives and Labour have been meeting for six weeks in a bid to break the Brexit deadlock.
  • Boris Johnson said that he would his hat in the ring of the Conservative leadership contest when current PM Theresa May eventually steps down.
  • Canadian manufacturing sales m/m came in better than expected at 2.1% vs 1.5%. 
  • US building permits came in at 1.3m vs 1.29m expected. Philly Fed manufacturing index came in better than expected at 16.6 vs 10.0.
Overnight
  • GBP/AUD, GBP/NZD and GBP/JPY are currently trading at 1.8578, 1.9557 and 140.10, respectively.
Today
  • We have preliminary UoM consumer sentiment from the US at 3pm.
  • The talks between Labour and Conservatives on the Brexit impasse will conclude today.
Currency Pair Interbank Rate % Change on Day
GBP/EUR 1.1433 -0.13
GBP/USD 1.2778 -0.11
EUR/USD 1.1174 +0.01
AUD/USD 0.6878 -0.19

 

Time (GMT) Region Data Release Forecast Previous
15:00 USD Prelim UoM Consumer Sentiment 97.8 97.2