Login

Market Comment - 14th December 2021

Posted by Stuart PritchardDecember 14, 2021

Good morning,

This mornings employment data for the UK was in line with expectations. However average earnings came in slightly ahead of consensus. The market was expecting 4% growth. However the number came in at 4.3% growth. The extra growth wasn't enough to move the GBP rate however which remains quiet ahead of the data that starts in earnest tomorrow.

Whilst scheduled news stories are thin on the ground for the rest of the day we could see some global market movement early tomorrow. First out of the traps is the Chinese Retail Sales numbers followed by the much anticipated UK inflation data. Analysts are predicting year on year growth of 4.7%. Now that's a big number. There are mitigating circumstances when comparing last year to this year due to lockdowns etc. However it's the potential knock on to the interest rate decision on Thursday that's important.

Tomorrow is also a massive day for US led data with their Retail Sales numbers out first followed by the FED's interest rate decision. We'll cover this in more detail in the morning.

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

CHN: Wednesday 03:00 Retail Sales

UK: Wednesday 08:00 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.

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