Market Comment - 1st September 2021

Posted by Stuart PritchardSeptember 1, 2021

Good morning,

1st September all ready! It certainly feels like this year has gone very quickly.

So to kick off with GBP/EUR. There ae a number of economist stories out this morning discussing the rate having found support after a couple of weeks of mild selling off. With Nationwide House Prices out this morning at 7am showing a much higher reading than anticipated this could cause a bounce in the Sterling rate. Month on month figures were expected to show a 0.2% gain and it actually came in at 2.1% indicating the anticipated cooling of the property market doesn’t appear to have started yet.

On the other side of the pond the Pound has continued to erase some of the recent losses against the Dollar. From a technical perspective this looked likely however this particular pair is often moved more by geopolitical events than technical analysis.

Looking ahead it’s mainly US centric news to watch out for with the ADP Employment Change first followed by the ISM Manufacturing Purchasing Managers Index later in the afternoon. As ever with data it’s always if the numbers are skewed versus consensus that can cause an effect on rates.

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: 13:15 ADP Employment Change

US: 15:00 ISM Manufacturing PMI

© 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