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.

• 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.