Newsletter – 18th June 2019

Morning Bulletin

Yesterday

  • GBP/EUR traded its lowest rate since January yesterday. It opened at 1.1229, traded a high of 1.1242, a low of 1.1168 and closed down -0.32% at 1.1168.
  • GBP/USD also traded its lowest rate since January having opened at 1.2575, traded a high of 1.2606, a low of 1.2531 and closed at 1.2534 representing a loss on the day of 0.44%.
  • Conservative leadership candidates have urged Donald Trump not to interfere in UK affairs amid a row over his latest criticism of London Mayor Sadiq Khan. (BBC News)
  • Financial services minister John Glen said the UK government is committed to doing everything it can to keep in financial sector globally competitive after Brexit.
Overnight
  • Australian HPI q/q came in weaker than expected at -3.0% vs -2.5%.
  • GBP/AUD, GBP/NZD and GBP/JPY are currently trading 1.8306, 1.9241 and 135.63, respectively.
Today
  • At 10am we will see the release of German ZEW sentiment.
  • At 1.30pm we look to the US and Canada for building permits and manufacturing sales m/m, respectively.
  • UK Bank of England governor Mark Carney is due to speak at 3pm.
  • Tory leadership hopefuls will face a second round of votes today. Any candidates facing less than 33 votes will be eliminated. Those remaining after the round will take part in a live debate this evening.
Currency Pair Interbank Rate % Change on Day
GBP/EUR 1.1187 +0.17
GBP/USD 1.2526 -0.06
EUR/USD 1.1195 -0.20
AUD/USD 0.6844 -0.13
Time (GMT) Region Data Release Forecast Previous
10:00 EUR German ZEW Economic Sentiment -5.7 -2.1
13:30 CAD Manufacturing Sales m/m 0.6% 2.1%
13:30 USD Building Permits 1.30m 1.29m