- Sterling gained 0.47% on the euro on Friday – the market opened at 1.1055 and traded a high of 1.1126 before closing at 1.1107.
- The US dollar gained on sterling by 0.24% after opening at 1.2654, trading a high of 1.2697, a low of 1.2617 and closing at 1.2624.
- EUR/USD fell by 0.66% after opening at 1.1445, trading a high of 1.1473, a low of 1.1356 and closing at 1.1370.
- UK current account data came in weaker at -26.5B vs -21.5B, final GDP q/q came in as expected at 0.6% and public sector net borrowing came in at 6.3B vs 7.0B, beating expectations.
- Canadian core retail sales was weaker than expected at 0.0% vs 0.2%. Retail sales m/m was also weaker at 0.3% vs 0.4% but GDP m/m was stronger coming in at 0.3% vs 0.2%.
- US final GDP q/q came in at 3.4% vs 3.5% and durable goods orders was weaker than expected also at 0.8% vs 1.6%.
- There is a partial US government shutdown over budget spending after opposition Democrats resisted President Donald Trump’s demand for $5bn for his Mexico border wall. The shutdown could continue right up to opening of Congress on the 3rd January.
- GBP/AUD, GBP/NZD and GBP/JPY are trading at 1.7929, 1.8795 and 140.59, respectively.
- The calendar is empty today.
- Just another reminder we will be open until 3pm today and then open at reduced hours from 9am on the 27th December. Happy Christmas to all.
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No data releases expected today.