Today sees the Pound moving sideways versus both the Dollar and the Euro. With little overall news out in the last 24 hours this is to be expected.
GBP/EUR is towards the top end of the mid term range but is well shy of the recent highs indicating the possibility for the rate to move either direction at the moment.
Versus the Dollar the Pound is at the bottom of the trading range where it's been since early in the Ukraine crisis.
Today we see the US retail sales figures out but more importantly there's a speech from Joe Biden followed by the US interest rate decision followed by the FOMC press conference. Today is going to be a big day for the Dollar. Analysts are expecting a rate hike of 0.25% to 0.5%. Anything either side of this could see the Dollar shift.
Tomorrow sees the UK interest rate decision so it could be a fun couple of days.
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: 12:30 Retail Sales
US: 15:45 President Joe Biden's Speech
US: 18:00 FED Interest Rate Decision
US: 18:30 FOMC Press Conference
© 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.