- Sterling fell by a further 0.15% against the euro yesterday with GBP/EUR opening at 1.1385 and trading a high of 1.1418 before falling to close at 1.1367.
- There wasn’t a great deal of movement in cable with GBP/USD opening at 1.3284 then trading a high of 1.3348 before closing at 1.3293.
- Giuseppe Conte is set to be sworn in Italy’s new Prime Minister today and put an end to the political deadlock that has engulfed the country since the election on March 4th did produce a government (Express).
- Eurozone CPI flash estimate y/y and core CPI flash estimate y/y both came in better than expected at 1.9% vs 1.6% and 1.1% vs 1.0%, respectively.
- Canadian GDP m/m came in better than expected at 0.3% vs 0.2%.
- Personal spending m/m from the US came in at 0.6% vs 0.4% and US unemployment claims came in at 221K vs 228K.
- Chicago PMI also beat expectations at 62.7 vs 58.2.
- Caixan manufacturing PMI from China came in as expected at 51.1.
- UK manufacturing PMI came in slightly better than expected this morning at 54.4 vs 53.5 expected.
- At 1.30pm we have non-farm payrolls, average hourly earnings m/m and unemployment rate from the US.
- A little later at 3pm we expect US ISM manufacturing PMI to come in at 58.3.
|Currency Pair||Interbank Rate||% Change on Day|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|DAY 2||ALL||G7 Meetings|
|13:30||USD||Average Hourly Earnings m/m||0.2%||0.1%|
|13:30||USD||Non-farm Employment Change||189K||164K|
|15:00||USD||ISM Manufacturing PMI||58.3||57.3|