- GBP/USD opened at 1.3344 yesterday before trading a high of 1.3421 and closing at 1.3378.
- GBP/EUR closed at 1.1414 after opening at 1.1406 trading a high of 1.1444 and a low of 1.1393.
- UK retail sales came in much better than expected at 1.6% vs 0.8%. The increase would put down to a return of fuel sales in April after snow hit sales in March.
- US unemployment claims were up on the previous figure and higher than anticipated coming in at 234K vs the estimated 220K.
- US home sales also came in weaker than expected at 5.46M vs 5.56M.
- US President Trump yesterday cancelled the scheduled meeting with North Korean leader Kim Jong-un. Trump blamed Pyongyang’s “open hostility” for the cancellation. The meeting would have been the first between a sitting US president had met a North Korean leader.
- Trump added that he had been looking forward to the meeting and North Korean vice-foreign minister Kim Kye-gwan said Trump’s decision was ‘deeply regrettable’.
- GBP/AUD, GBP/JPY and GBP/NZD are trading 1.7603, 146.29 and 1.9260.
- This morning German ifo business climate came in as expected at 102.0.
- At 1.30pm we have core durable goods orders m/m from the US.
- After that we will hear from Bank of England Governor Carney and Fed Chair Powell.
- The last piece of data comes from the US with revised UoM consumer sentiment at 3pm.
|Currency Pair||Interbank Rate||% Change on Day|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|13:30||USD||Core durable goods orders m/m||0.5%||0.1%|
|13:30||USD||Durable goods orders m/m||-1.3%||2.6%|
|14:20||GBP||BOE Gov Carney Speaks|
|14:20||USD||Fed Chair Powell Speaks|
|15:00||USD||Revised UoM Consumer Sentiment||98.8||98.8|