Newsletter – 8th October 2018

Morning Bulletin


  • GBP/EUR rallied by 0.66% on Friday – it opened at 1.1304 and traded a high of 1.1392 before closing at 1.1379.
  • This is the highest rate in three and half months and comes following news that EU sources had said a divorce deal from the UK was ‘very close’.
  • Sterling also rallied against the US dollar. GBP/USD opened at 1.3021 and rallied to close at 1.3003.
  • Canadian employment change came in at 63.3 K vs 25k expected, unemployment rate came in as expected at 5.9% and trade balance came in better than expected at 0.5B vs -0.5B.
  • Average hourly earningss m/m came in as expected at 0.3%, non-farm unemployment came in weaker than expected at 134K vs 185K and unemployment rate came in at 3.7% vs 3.8% expected.
  • GBP/AUD, GBP/NZD and GBP/JPY are all trading at 1.8503, 2.0249 and 148.05.
  • We have a very quiet day ahead with bank holidays in Japan, Canada and the US.
Currency Pair Interbank Rate % Change on Day
GBP/EUR 1.1379 0.00
GBP/USD 1.3059 -0.40
EUR/USD 1.1475 -0.38
AUD/USD 0.7056 +0.11


Time (GMT) Region Data Release Forecast Previous
ALL JPY Bank Holiday
ALL CAD Bank Holiday
ALL USD Bank Holiday