- Sterling continued to weaken against the euro with GBP/EUR falling from 1.1280 to 1.1227 on Thursday. This represented a 0.47% decrease in the value of the pound relative to the euro.
- Sterling did trade at its lowest level against the US dollar since mid-January for a brief period yesterday hitting a daily low of 1.3711 before closing at 1.3775.
- UK manufacturing PMI came in as expected at 51.6 but net lending to individuals came in soft at 4.7B.
- US unemployment claims came in at 210K which is better than the 226K expected.ISM manufacturing PMI came in at 60.8.
- GBP/AUD, GBP/JPY and GBP/NZD are trading 1.7764, 145.49 and 1.8989.
- This morning German retail sales m/m came in slightly weaker than expected at -0.7% vs 0.8% expected.
- Spanish unemployment change came in at -6.3K vs -7.2K expected.
- Prime Minister Theresa May is due to speak about Britain’s post-Brexit relationship with the EU in London today.
|Currency Pair||Interbank Rate||% Change on Day|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|TENT||GBP||Prime Minister May Speaks|
|10:00||GBP||BOE Gov Carney Speaks|