Newsletter – 21st April 2017

Morning Bulletin

Yesterday

  • Sterling pushed back towards its recent highs against the US dollar and euro yesterday.
  • GBP/EUR recovered from a low of 1.1880 to close the day at 1.1953 whereas GBP/USD followed a similar route trading a low 1.2775 before closing at 1.2847.
  • US Philly Fed Manufacturing Index came in weaker than expected at 22.0 when 25.6 was expected but US unemployment claims came in roughly as expected at 244K vs 241K.
  • EUR/USD pushed up to 1.0777 before closing back towards the 1.0715 level.
Overnight
  • GBP/NZD pushed up further yesterday briefly trading above 1.83 whereas AUD strength cause GBP/AUD to pullback slightly to 1.7020.
Today
  • All eyes turn to UK retail sales m/m at 9.30am – the expected figure is -0.3%.
  • At 1.30pm we have Canadian CPI m/m which is expected to come in at 0.4%.
Currency Pair Interbank Rate % Change on Day
GBP/EUR 1.1947 -0.08
GBP/USD 1.2810 -0.01
EUR/USD 1.0722 +0.07
AUD/USD 0.7534 +0.12

 

Time (GMT) Region Data Release Forecast Previous
9.30 GBP UK Retail Sales -0.3% 1.4%
13:30 CAD CPI m/m 0.4% 0.2%
15:00 USD Existing Home Sales 5.61M 5.48M