- The UK consumer prices index figure came in at 2.7% yesterday which is the highest rate of inflation for six months. Sterling initially gained value against the US dollar and the euro but that moment cooled during the afternoon.
- GBP/EUR opened at 1.1261 and traded a high of 1.1284, a low of 1.1231 before closing at 1.1258.
- GBP/USD opened at 1.3146, traded a high of 1.3214, a low of 1.3098 before closing at 1.3144.
- EUR/USD closed the day slightly up after opening at 1.1664 and closing at 1.1672.
- US building permits came in weaker than expected at 1.23m vs 1.31m expected.
- US housing starts came in slightly better than expected at 1.28m vs 1.24m expected.
- New Zealand GDP q/q came in better than expected at 1.0% vs 0.8%.
- GBP/AUD, GBP/NZD and GBP/JPY are trading at 1.8174, 1.9831 and 148.23.
- UK retail sales m/m came in better than expected at 0.3% vs -0.2% expected.
- At 1.30pm we have Philly Fed manufacturing index figures released.
|Currency Pair||Interbank Rate||% Change on Day|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|13:30||USD||Philly Fed Manufacturing Index||17.5|