Market Comment - 10th December 2021

Posted by Stuart PritchardDecember 10, 2021

Good morning,

On the back of the UK data out this morning the GBP/EUR rate hasn't moved the numbers were marginally below expectations but after a bit of a bashing after the move to Plan B. It's the same versus the other majors. Ripples but no waves.

Other than that the news is relatively thin on the ground today. UK news is still mired in the No 10 office party story which indicates there's not much on the table today. We are keenly watching for any further Omicron news.

It feels like the markets are paused for impending inflation numbers and interest rate decisions from around the globe or the potential for escalation around the new strain.

Looking ahead, as mentioned, eyes will be on the US inflation numbers out later which could provide a bead on the FED's interest rate decision next week. Analysts are expecting 4.9% growth which is way beyond the normal although mitigating factors need to be added for year on year figures due to lockdowns.

As ever we look forward to keeping you in the loop and look out for our next update.

Our friendly currency experts are here to assist you and guide you through the markets, we offer a first-class service and even an online platform so you can monitor your transaction in real time.

Our business ethos is based on bank beating rates and fantastic customer service, click the link below for a no obligation quotation and see the savings for yourself.

Today’s Economic Calendar

US: 13:30 Inflation data

JPN: Sunday 23:50 Tankan Large Manufacturing Index

© 2022. RegencyFX Ltd. All rights reserved. *Third party fees may apply.

Payment services for RegencyFX Ltd are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: The Steward Building 1st Floor, 12 Steward Street London E1 6FQ.

The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199). In the US Currency Cloud operates in partnership with CFSB. CFSB fully owns the bank program and services are provided by The Currency Cloud Inc.

Payment services for Regency FX Ltd are provided by Sciopay Ltd. Sciopay Ltd is a company incorporated in England & Wales. Registration No: 12352935. Sciopay Ltd is licensed and regulated by HMRC as a Money Service Business (MSB).

License No: XCML00000151326. Sciopay Ltd is authorised by the Financial Conduct Authority as an Authorised Payment Institution. Firm Reference Number: 927951

Currency Pairs, Approved Jurisdictions and Non-Permitted Activity

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram