- Yesterday’s news was sadly dominated by the tragic events that took place in Westminster yesterday afternoon. Our thoughts go out to those injured and to the families and friends of those who lost their lives.
- The strength we have seen in sterling recently continued yesterday albeit to a lesser extent than earlier in the week.
- GBP/EUR closed 25 points higher despite coming off to trade below 1.15 during the course of the day. Similarly, GBP/USD was muted on Wednesday, coming off to 1.2422 after opening 1.2478 before recovering to close slightly up on the day at 1.2482.
- It was a quiet day data-wise – US existing home sales came in weaker than expected at 5.48m vs 5.59m expected.
- The RBNZ kept interest rates at 1.75% yesterday as expected.
- We have retails sales data from the UK today. UK data is beginning to have more impact on the markets as investors try to predict when we will see the Bank of England next hike interest rates.
- This afternoon we have unemployment claims data from the US which is followed by a speech in Washington from Fed Chair Yellen.
- We also have US new home sales at 2pm and trade balance data from New Zealand at 9.45pm.
|Currency Pair||Interbank Rate||% Change on Day|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|09:30||GBP||Retail Sales m/m||0.4%||-0.3%|
|12:45||USD||Fed’s Yellen Speaks|
|14:00||USD||New Home Sales||566K||555K|