- GBP/EUR opened at 1.1306, traded a high of 1.1330, a low of 1.1252 and closed down 0.2% at 1.1260.
- GBP/USD opened at 1.2626, traded a high of 1.2974, a low of 1.2610 and closed at 1.2663 representing an increase of 0.26% on the day.
- UK manufacturing PMI came in weaker than expected at 49.4 vs 52.5 expected.
- US ISM manufacturing PMI also came in weaker than expected at 52.1 vs 53.0.
- US president Donald Trump was welcomed to Buckingham Palace by The Queen yesterday as he began his official state visit.
- Some political leaders such as Jeremy Corbyn and Vince Cable turned down their invitation to a royal banquet in a stand against Trump’s views.
- Fed’s Bullard commented that a rate cut may be warranted soon to lift inflation which further supported the bulls.
- International Trade Secretary Liam Fox said a no-deal Brexit could be used as a ‘weapon’ for those ‘seeking to break up the United Kingdom’.
- Australian retail sales m/m came in weaker than expected at -0.1% vs 0.2% but current account data came in as expected at -2.9B.
- GBP/AUD, GBP/NZD and GBP/JPY are trading at 1.8131, 1.9203 and 136.80, respectively.
- PM May will today meet President Trump as part of Trump’s state visit to the UK.
- At 10am we will see CPI Flash estimates from the UK.
|Currency Pair||Interbank Rate||% Change on Day|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|10:00||EUR||CPI Flash Estimate y/y||1.4%||1.7%|
|10:00||EUR||Core CPI Flash Estimate y/y||1.0%||1.3%|