Newsletter – 28th December 2017

Morning Bulletin


  • There was very muted market movement in GBP/EUR yesterday. The market opened at 1.1273 and traded a high of 1.1292 and a low of 1.1248 before closing at 1.1269.
  • Sterling gained a modest amount of ground on the US dollar with GBP/USD closing up 20 pips on the day. Cable traded a high of 1.3429 before closing at 1.3395.
  • CB consumer confidence from the USA came in weaker than expected at 122.1 vs 128.2 expected.
  • US pending home sales m/m came in better than expected at 0.2% vs -0.4% expected.
  • There was no economic data of note released overnight.
  • GBP/AUD, GBP/NZD and GBP/JPY are currently trading 1.7261, 1.8973 and 151.68.
  • We can look forward to US unemployment claims at 1.30pm followed by Chicago PMI at 2.45pm and crude oil inventories at 4pm.
Currency Pair Interbank Rate % Change on Day
GBP/EUR 1.1265 -0.04
GBP/USD 1.3441 +0.35
EUR/USD 1.1930 +0.37
AUD/USD 0.7783 +0.22


Time (GMT) Region Data Release Forecast Previous
13:30 USD Unemployment Claims 240K 245K
14:45 USD Chicago PMI 62.2 63.9
16:00 USD Crude Oil Inventories -3.9M -6.5M