Newsletter – 20th September 2018

Morning Bulletin


  • 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
GBP/EUR 1.1288 +0.28
GBP/USD 1.3212 +0.52
EUR/USD 1.1703 +0.27
AUD/USD 0.7265 +0.04


Time (GMT) Region Data Release Forecast Previous
13:30 USD Philly Fed Manufacturing Index 17.5