- GBP/USD posted its sixth consecutive day of gains yesterday as it traded at its highest level since the Brexit vote in June 2016.
- The market opened at 1.3827 and rallied 0.47% to close at 1.3893 – this represents a move 1.89% since Monday and 2.65% since the tail end of last week.
- GBP/EUR opened at 1.1342 and closed slightly higher at 1.1351.
- UK PM Theresa May made optimistic comments on Brexit yesterday following her meeting with French President Macron. May said that Brexit will never impact the bilateral French-UK relationship.
- US building permits came in at 1.30M vs 1.29M expected and unemployment claims came in better than expected at 220K vs 250K expected.
- GBP/AUD, GBP/JPY and GBP/NZD are all trading higher this morning at 1.7354, 154.11 and 1.9064, respectively.
- Swiss PPI m/m came in weaker than expected this morning at 0.2% vs 0.4%.
- UK retail sales m/m also came in weaker than expected at -1.5% vs -0.8% expected.
- All eyes turn to Canada and the US this afternoon with foreign securities purchases and manufacturing sales data expected from Canada at 1.30pm.
- This will be followed by preliminary UoM consumer sentiment data at 3pm from the US.
|Currency Pair||Interbank Rate||% Change on Day|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|13:30||CAD||Foreign Securities Purchases||15.76B||20.81B|
|13:30||CAD||Manufacturing Sales m/m||1.9%||-0.4%|
|15:00||USD||Prelim UoM Consumer Sentiment||97||95.9|