- Relatively uneventful day for the GBP/EUR market – it opened at 1.1158, traded a high of 1161, a low of 1.1157 and closed at 1.1160.
- The same could be said for GBP/USD after opening at 1.2682, trading a high of 1.2707, a low of 1.2662 and closing at 1.2685 representing a fractional increase of 0.03% on the day.
- Both Jeremy Hunt and Boris Johnson have unveiled pledges on immigration and education should they become prime minister.
- Mr Johnson said they he would implement an Australian-style immigration system which would be points-based.
- Foreign Secretary Mr Hunt said he would cancel the tuition fees of young entrepreneurs who start business and create jobs.
- Japan’s foreign minister has said he is very concerned about the implications of a no-deal Brexit. Taro Kono said that 1,000 Japanese companies operating in the UK were concerned about the negative impact on their operations if the UK leaves the EU without a deal. (BBC News)
- Core durable goods orders m/m from the US came in at 0.3% vs 0.1% expected. Durable goods orders m/m came in at -1.3% vs 0.0% expected.
- ANZ business confidence came in at -38.1.
- GBP/AUD, GBP/NZD and GBP/JPY is currently trading at 1.8144, 1.8981 and 137.02, respectively.
- At 1.30pm we expected a final GDP q/q figure from the US.
- The US and China have tentatively agreed a trade truce before the G20 summit.
|Currency Pair||Interbank Rate||% Change on Day|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|ALL||EUR||German Prelim CPI m/m||0.2%||0.2%|
|13:30||USD||Final GDP q/q||3.1%||3.1%|