- 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.
- GBP/AUD, GBP/NZD and GBP/JPY are currently trading at 1.8578, 1.9557 and 140.10, respectively.
- 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|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|15:00||USD||Prelim UoM Consumer Sentiment||97.8||97.2|