- Sterling weakened further on Thursday amid all the UK political dysfunction closing at its lowest level against the euro since November 2017.
- GBP/EUR opened at 1.1228 and closed at 1.1177 representing a decrease of 0.45% on the day.
- GBP/USD opened at 1.3068 and traded a low of 1.2957 before recovering a bit to close at 1.2957 – the lowest close since September 2017.
- UK retail sales came m/m came in at a disappointing -0.5% when it was expected to grow by 0.1%.
- US President Trump has invited Russian leader Vladimir Putin to visit the US in the autumn says his press secretary Sarah Sanders. Sanders tweeted that discussions were under way.
- In the US Philly Fed manufacturing index came in better than expected at 25.7 vs 21.6 whereas unemployment claims also came in stronger than expected at 207K vs 220K.
- GBP/AUD, GBP/NZD and GBP/JPY are currently trading at 1.7667, 1.9242 and 146.33.
- UK public sector net borrowing came in weaker than expected this morning at 4.5B vs 3.6B.
- Later today we have data released from Canada including CPI m/m and core retail sales m/m.
- PM Theresa May is visiting Northern Ireland today where she is expected to say that the new Brexit plan agreed at Chequers will deliver for Northern Ireland.
|Currency Pair||Interbank Rate||% Change on Day|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|13:30||CAD||Core Retail Sales m/m||0.6%||-0.1%|
|13:30||CAD||Common CPI y/y||1.9%|
|13:30||CAD||Median CPI y/y||1.9%|
|13:30||CAD||Retail Sales m/m||1.0%||-1.2%|
|13:30||CAD||Trimmed CPI y/y||1.9%|