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 |