The data out from China this morning was mixed. GDP year on year was expected to show 3.6% growth but came in at 4% growth. However Retail Sales were expected at 3.7% growth but came in at 1.7% growth. The outcome was a small amount of volatility in the GBP/CNY (Chinese Yuan) rate.
Today is a bank holiday in the States for Martin Luther Kings birthday so there shouldn't be much scheduled news to move the markets.
However the early hours of tomorrow sees the Bank of Japans interest rate decision along with a scheduled press conference. As the third largest economy in the world this will be a keenly watched set of data and information.
We also have the UK's unemployment numbers out at breakfast time tomorrow which could underline any potential rate hikes in early February.
From a news perspective all eyes are on the unfolding "Partygate" at No. 10. Boris Johnson has been interviewed by Sue Gray who is heading up the independent inquiry into the parties as the PM is alleged to have attended yet another shindig prior to Christmas 2020. The report is expected to be published later this week.
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
JPN: 03:00 Tuesday BoJ Interest Rate
JPN: 06:00 Tuesday BoJ Press Conference
UK: 07:00 Tuesday Unemployment 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