- GBP/EUR fell by 0.22% yesterday after opening at 1.0960, trading a high of 1.0969, a low of 1.0915 and closing at 1.0937.
- GBP/USD opened at 1.2164, traded a high of 1.2174, a low of 1.2112 and closed at 1.2117 representing a fall of 0.38%.
- UK Public sector net borrowing came in at -2.0B when the consensus was that the figure would be close to -3.7B.
- Canadian CPI m/m came in at 0.5% vs 0.1% expected.
- Common CPI y/y came in at 1.9% vs 1.8% expected.
- Median CPI y/y came in as expected at 2.1%.
- Trimmed CPI y/y came in 2.1% vs 2.0%.
- Emmanuel Macron said that reopening Brexit negotiations is “not an option” and German Chancellor Angela Merkel said the onus is on the UK to find a workable plan.
- The minister in charge of no-deal planning Michael Gove said yesterday that the UK government will do all it can to ensure traffic flows through ports after Brexit.
- The ONS said yesterday that an error has meant the level of migration from the EU to the UK has been underestimated from 2004 to the present day.
- GBP/AUD, GBP/NZD and GPY/JPY are currently trading at 1.7948, 1.9024 and 129.27, expected.
- FOMC minutes released last night showed that a couple of participants preferred a 50 basis points rate cut in July rather than 25bp to address low inflation.
- Eurozone flash services PMI came in at 53.3 vs 52.5 expected and flash manufacturing PMI came in at 51.0 vs 49.5.
- Later today we have flash manufacturing from the US and retail sales q/q from New Zealand.
|Currency Pair||Interbank Rate||% Change on Day|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|14:45||USD||Flash manufacturing PMI||50.5||50.4|
|23:45||NZD||Retail sales q/q||0.1%||0.7%|
|23:45||NZD||Core retail sales q/q||0.2%||0.7%|