- GBP/EUR posted a loss of 0.37% yesterday after opening at 1.0973, trading a high of 1.0992 and closing at 1.0931.
- GBP/USD also posted a loss opening at 1.2154, trading a high of 1.2145, a low of 1.2088 and closing at 1.2126 representing a 0.23% fall on the day.
- The Bank of England kept interest rates unchanged at 0.75% yesterday after the monetary policy committee voted unanimously for no change.
- The governor of the Bank of England Mark Carney has warned that a no-deal Brexit would result in an instant shock to the UK economy.
- ISM manufacturing PMI came slightly worse than expected at 51.2 vs 52.0.
- The Liberal Democrats have won the Brecon and Radnorshire by-election. Jane Dodds overturned a 8038 majority to beat incumbent Conservative Chris Davies by 1425 votes.
- The by-election result leaves new PM Boris Johnson with a Commons working majority of 1.
- GBP/AUD, GBP/NZD and GBP/JPY are trading at 1.7848, 1.8561 and 129.57, respectively.
- Australian retail sales m/m came in better than expected at 0.4% vs 0.3%.
- At 1.30pm we Canadian trade balance data alongside non-farm payrolls from the US and unemployment rate.
- At 3PM we have revised UoM consumer sentiment from the US.
|Currency Pair||Interbank Rate||% Change on Day|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|13:30||USD||Average hourly earnings m/m||0.2%||0.2%|
|15:00||USD||Revised UoM consumer sentiment||98.5||98.4|