Market Comment - 17th February 2022

Posted by Stuart PritchardFebruary 17, 2022

Good morning,

As expected yesterdays inflation numbers underpinned the Pounds strength. No fireworks but certainly the Pound look good for now. Unlikely to break out of the recent trading ranges so expect a bit of status quo.

The UK has been struck by storm Dudley in the last 36 hours and even bigger storm Eunice is on the way. Generally these events have more effect on the stock market than the FX market but we will be keeping a close eye over the weekend for potential outfall.

Other than that it's the ongoing situation in Ukraine that's dominating proceedings with still no clear outcome. A move one way or the other there will have an effect on the markets.

There's US employment numbers out later and the UK releases it's retail sales numbers at breakfast tomorrow.

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 Employment numbers

UK: Friday 07:00 Retail Sales

© 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