- GBP/EUR fell by 0.37% on Thursday; closing at 1.1257 after opening at 1.1299.
- GBP/USD increased by 0.23% after opening at 1.1299, trading a high of 1.1315, a low of 1.1248 and closing at 1.1257.
- House of Commons Speaker John Bercow yesterday said that ending the current session of Parliament to force a no-deal Brexit is “simply not going to happen”. Tory leadership candidate Dominic Raab had previously suggested he would be prepared to shut down to Parliament to ensure the UK leaves the EU on 31 October.
- US president Donald Trump said in an interview with Fox News that the Mexico needs the US but the US does not need them.
- He also said that a deal between the US and China will definitely be struck.
- Labour won the Peterborough by-election by 683 votes after beating Mike Greene of the Brexit party to hold on to its seat.
- The first TV debate between Conservative leader candidates will take play on the BBC on the 18th June.
- The EU held rates at 0.00% as expected. Mario Draghi pushed back a rate hike back to the first half of 2020 amid growth fears in the Eurozone.
- Canadian trade balance came in better than expected at -1.0B vs -2.8B.
- GBP/AUD, GBP/NZD and GBP/JPY are currently trading at 1.8229, 1.9195 and 137.85, respectively.
- At 1.30pm we expect employment change and unemployment rate from Canada along with average hourly earnings m/m, unemployment ratea and non-farm payrolls for the United States.
|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%|