Newsletter – 23rd October 2018

Morning Bulletin

Yesterday

  • Sterling lost ground on the euro and the US dollar yesterday.
    • GBP/EUR came of by a third of a percent, closing at 1.1308 after opening at 1.1344.
    • GBP/USD opened at 1.3070 and closed at 1.2960 representing a 0.84% fall on the day.
  • PM Theresa May told MPs yesterday that 95% of the Brexit deal is done and that she is prepared to ‘explore every possible option’ to break the deadlock in Brexit talks.
  • PM May again appealed to her mutinous part to back her Brexit strategy on Monday in the face of deep divisions at home and tough negotiating stance from the EU (Business Times)
  • May said “The Brexit talks are not about my interests. They are about the national interest – and the interests of the whole of our United Kingdom”.
  • US officials told US investors at a meeting that China does not fear a trade war with the US.
  • US President Trump is eyeing a 10% middle-income tax cut plan.
Overnight
  • GBP/AUD, GBP/NZD and GBP/JPY are currently trading 1.8346, 1.9800 and 145.80.
Today
  • At 4.20pm, Bank of England Governor Mark Carney is due to speak at the University of Toronto.
  • US President Trump has warned that the US will bolster its nuclear arsenal to put pressure on Russia and China.
Currency Pair Interbank Rate % Change on Day
GBP/EUR 1.1320 +0.11
GBP/USD 1.2978 +0.14
EUR/USD 1.1463 -0.01
AUD/USD 0.7072 -0.13

 

Time (GMT) Region Data Release Forecast Previous
16:20 GBP Mark Carney Speaks