- GBP/EUR opened at 1.1306, traded a high of 1.1330, a low of 1.1122 and closed at 1.1147 representing a fall on the day of 1.21%.
- GBP/USD opened at 1.2626. traded a high of 1.2784, a low of 1.2506 and closed at 1.2695 representing an increase of 0.51% on Thursday.
- China is cautiously optimistic that US trade deal can be achieved. Russian leader Putin said a failure of US and China to reach a deal would hurt the global economy.
- It came to light yesterday that PM Theresa May tried to restrict Boris Johnson’s access to intelligence when he was foreign secretary. The foreign secretary authorises sensitive operations so this caused concern in the intelligence services.
- Jaguar Land Rover have committed hundreds of millions of pounds of investment into electric car manufacturing facilities in the UK helping secure 2,700 jobs at the Castle Bromwich plant in Birmingham.
- Australian rates were held at 1.00% as expected.
- GBP/AUD, GBP/NZD and GBP/JPY are trading 1.7887, 1.8811 and 135.62, respectively.
- At 1.30pm we are expecting employment data from Canada.
- At the same time, we will have the latest non-farm payrolls from the US along with unemployment rate and average hourly earnings m/m.
|Currency Pair||Interbank Rate||% Change on Day|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|13:30||USD||Average Hourly Earnings m/m||0.3%||0.2%|
|13:30||USD||Non-farm Employment Change||162K||75K|