- Sterling traded within its recent range against the US dollar on Friday trading a high of 1.2806 and a low of 1.2751 on the day.
- Against the euro, sterling traded a high of 1.1468 and a low of 1.1410.
- Eurozone Final CPI y/y came in as expected at 1.4%.
- We saw softer data than expected from the US with building permits and housing starts both coming in weaker than expected at 1.17m v 1.25m and 1.09m v 1.23m, respectively.
- Preliminary UoM consumer sentiment came in weaker than expected at 94.5 vs 97.2.
- Unfortunately, London woke up to news of another major incident this morning. A van was driven into worshipers leaving a mosque overnight injuring several people and killing one. The police are treating the incident as an act of terror.
- GBP/AUD and GBP/NZD are trading at 1.6838 and 1.7601, respectively.
- Brexit Secretary David Davis has claimed he will call for “a deal like no other in history” as the UK begins exit negotiations with the EU today.
- Mr Davis is in Brussels to start the first day of talks today which will be followed by a join press conference alongside the EU’s chief negotiator Michel Barnier.
- Very sparse on the data front today with no high impact data of note.
|Currency Pair||Interbank Rate||% Change on Day|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|13:00||USD||FOMC Member Dudley Speaks|
|16:00||EUR||German Bube President Weidmann Speaks|