Newsletter – 18th April 2019

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