Morning Bulletin
Yesterday
- GBP/EUR opened at 1.1557, traded a high of 1.1563, a low of 1.1520 and closed at 1.1540 representing a fall of 0.16% on the day.
- GBP/USD opened at 1.3026, traded a high of 1.3067, a low of 1.3028 and closed at 1.3037 representing a fall in value of sterling against the US dollar of 0.06%.
- Secretary-general of the European Commission Martin Selmayr stated that a no-deal Brexit would definitely mean a hard border between the UK and Ireland.
- A YouGov survey result showed that Jeremy Corbyn will lose support and hand Nigel Farage victory in the European Parliament elections if he refuses to back another public vote on Brexit.
- UK CPI y/y came in slightly softer than expected at 1.9% vs 2.0% as slowing food prices offset rising fuel and clothing costs.
- RPI y/y came in slightly softer than expected at 2.4% vs 2.6%.
- Canadian CPI m/m came in as expected at 0.7% and trade balance data came in at -2.9B vs -3.5B.
Overnight
- Australian employment change was better than expected coming in at 25.7K vs 15.2K. The unemployment rate came in as expected at 5.0%.
- GBP/AUD, GBP/NZD and GBP/JPY are currently trading 1.8165, 1.9404 and 145.55, respectively.
Today
- UK retail sales came in better than expected at 1.1% vs -0.3%.
- We have core retail sales m/m, retail sales m/m from both the US and Canada at 1.30pm
Currency Pair | Interbank Rate | % Change on Day |
GBP/EUR | 1.1571 | +0.27 |
GBP/USD | 1.3026 | -0.09 |
EUR/USD | 1.1257 | -0.32 |
AUD/USD | 0.7161 | -0.24 |
Time (GMT) | Region | Data Release | Forecast | Previous |
13:30 | CAD | Core Retail Sales m/m | 0.2% | 0.1% |
13:30 | CAD | Retail Sales m/m | 0.4% | -0.3% |
13:30 | USD | Core Retail Sales m/m | 0.7% | -0.4% |
13:30 | USD | Retail Sales m/m | 0.9% | -0.2% |
13:30 | USD | Philly Fed Manufacturing Index | 11.2 | 13.7 |