Login

Market Comment - 12th January 2022

Posted by Andy DyerJanuary 12, 2022

Good morning,

Other parts of the UK are now starting to relax their restrictions around Coronavirus. This appears to have created some support for the GBP/EUR rate which remains fixed in a battle between breaking out of resistance or failing and dropping back sharply. From a technical perspective the trading range is tightening up and has been since the 4th January. This is interesting as it indicates a potentially strong move in the near future. Which direction is the crystal ball question. We are watching eagerly.

It's a similar story across the board with the Pound....perhaps an escalation in the No. 10 party debacle could be the mover. It's a story that's unlikely to go away in a hurry. Especially if the PM was present.

However it might be the Inflation Data out from the States later that causes the next fluctuation as this will be a potential indicator of a rate rise by the FED.

Overnight the Chinese inflation numbers came in below expectation. Analysts had predicted growth of 1.8% but it came in at 1.5% perhaps taking pressure off the PBoC to raise rates. However the rate is currently 3.8% which is relatively reasonable when compared to the Europe, the UK and the US.

Besides the US inflation numbers there's not much else to report.

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

© 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.

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