- GBP/EUR opened at 1.1168, traded a high of 1.1214, a low of 1.1157 and closed at 1.1160 representing a 0.07% fall on the day.
- GBP/USD fell by 0.45% on Tuesday. The market opened at 1.2738, traded a high of 1.2783, a low of 1.2672 and closed at 1.2682.
- CB consumer confidence came in weaker than expected at 121.5 vs 132.00.
- The US is set to delay further tariffs on Chinese goods ahead of Trump’s meeting with Xi.
- Boris Johnson yesterday reiterated his intention to lead the UK out of the EU on 31st October but his rival for the leadership of the Conservative Party Jeremy Hunt called this a ‘fake deadline’ that could trigger a general election of Parliament rejects a no-deal Brexit.
- Hunt said that he would leave the EU without a deal but not if there a ‘prospect of a better deal’.
- International Trade Secretary Liam Fox criticised Boris Johnson’s claims that the UK could continue tariff-free trade with the EU in the event of a no-deal Brexit.
- EUR/USD fell by 0.28% yesterday. The market opened at 1.1398, traded a high of 1.1412, a low of 1.1344 and closed at 1.1366.
- Royal Bank of New Zealand kept rates on hold at 1.50% as expected.
- GBP/AUD, GBP/NZD and GBP/JPY are currently trading 1.8154, 1.9012 and 136.21, respectively.
- At 10.15am will see the inflation report hearings from the UK.
- At 1.30pm we will get core durable goods orders m/m from the US alongside durable goods orders m/m.
|Currency Pair||Interbank Rate||% Change on Day|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|10:15||GBP||Inflation Report Hearings|
|13:30||USD||Core Durable Goods Orders m/m||0.1%||0.0%|
|13:30||USD||Durable Goods Orders m/m||0.0%||-2.1%|