Business headlines continue to be dominated by the rising cost of energy with calls for extra taxes on oil companies....the same day that Aramco, the Saudi oil giant, has announced record quarterly profits of £39.8 billion. Staggering numbers.
Other than that it's been a quiet start to the week for the Pound which is trading sideways versus both the Dollar and the Euro.
With little scheduled news today rates are likely to be unaffected until 7am tomorrow morning when the UK employment and earnings are reported. Analysts are expecting average earnings to still be way below inflation at 5.2% and unemployment is expected to remain at 3.8%.
Today’s Economic Calendar
UK: Tuesday 07:00 Average Earnings
UK: Tuesday 07:00 Unemployment Number
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.
© 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