- GBP/EUR rallied by 0.27% yesterday. The market opened at 1.1621, traded a high of 1.1658, a low of 1.1621 and closed at 1.1653.
- GBP/USD traded a high of 1.3102 after opening at 1.3032 yesterday before closing at 1.3049 – up by 0.13% on the day.
- UK Prime Minister Theresa May has sacked defence secretary Gavin Williams and MPs are calling for an investigation by police after he allegedley leaked information about Chinese mobile company Huawei from a confidential meeting.
- US ADP non-farm employment change came in better than expected at 275K vs 181K expected.
- The US Fed held rates at <2.50% as expected. In the Fed statement, their language was largely unchanged and it reiterated their non-committal pledge to remain ‘patient’.
- CNBC reported that the US-China trade deal could be struck by next Friday.
- The Times are reporting that UK PM May is preparing to remain in lock step with EU customs rules for years after Brexit as she tries to appease Labour.
- GBP/AUD, GBP/NZD and GBP/JPY are trading 1.8611 (+0.09%), 1.9705 (+0.02%) and 145.76 (+0.26%), respectively.
- We hear from the Bank of England today with rates expected to remain at 0.75%. The Monetary Policy Committee vote is expected to be 9-0 in favour of keeping rates unchanged.
- Bank of England governor Mark Carney is expected to speak at 12.30.
|Currency Pair||Interbank Rate||% Change on Day|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|12:00||GBP||BOE Inflation report|
|12:00||GBP||MPC Bank Votes||0-0-9||0-0-9|
|12:00||GBP||Monetary Policy Summary|
|12:00||GBP||Official Bank Votes||0.75%||0.75%|
|12:00||GBP||Asset Purchase Facility Votes||435B||435B|
|12:00||GBP||MPC Asset Purchase Facility Votes||0-0-9||0-0-9|