Newsletter – 19th June 2017

Morning Bulletin

Yesterday

  • 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.
Overnight
  • 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.
Today
  • 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
GBP/EUR 1.1440 +0.18
GBP/USD 1.2808 +0.26
EUR/USD 1.1194 -0.01
AUD/USD 0.7604 -0.15

 

Time (GMT) Region Data Release Forecast Previous
13:00 USD FOMC Member Dudley Speaks
16:00 EUR German Bube President Weidmann Speaks