Newsletter – 21st May 2019

Morning Bulletin

Yesterday

  • GBP/EUR fell by 0.15% yesterday after opening at 1.1410, it traded a high of 1.1428, a low of 1.1385 and closed at 1.1395.
  • GBP/USD fell by 0.05% after opening at 1.2732, trading a low of 1.2714 and closing at 1.2696.
  • Chancellor Philip Hammond is to warn prospective Conservative leadership contenders against “hijacking” Brexit by “knowingly inflicting” a damaging no-deal Brexit on the economy. (BBC News)
  • As Theresa May prepares to discuss her Brexit plan with the cabinet, No 10 has promised a “bold, new offer” to win over Labour MPs.
  • SNP leader Nicola Sturgeon has said her party has been the most consistent anti-Brexit voice during the European election campaign.
  • US Fed Chair Powell says business debt is rising but does pose not a threat to the system.
  • Huawei’s use of Google’s Android mobile platform has been limited by Google. The tech giant have stopped user of Hauwei’s devices from using Google apps such as YouTube.
Overnight
  • GBP/AUD, GBP/NZD and GBP/JPY are currently trading 1.8459, 1.9502 and 139.74, respectively.
Today
  • There is little in the way of economic data today.
  • GBP/USD is down -0.22% this morning and and GBP/EUR is down 0.07% at the time of writing.
Currency Pair Interbank Rate % Change on Day
GBP/EUR 1.1387 -0.07
GBP/USD 1.2691 -0.22
EUR/USD 1.1144 -0.19
AUD/USD 0.6873 -0.48

 

Time (GMT) Region Data Release Forecast Previous
23:45 NZD Retail Sales q/q 0.6% 1.7%
23:45 NZD Core Retail Sales q/q 0.9% 2.0%