Good morning. And what a beautiful morning it is again. Amazing.
The markets continue to be risk off at the moment as the Delta variant gains momentum in the UK. Alongside that is the unknown re the outcome of letting the brakes off in certain parts of the UK. This looks to have caused a move towards the perceived safe haven of the dollar. On the plus side the short term weakness in sterling doesn't look to be too severe at this stage.
Overnight the Chinese rate decision came in as expected at 3.85% so had little impact on global markets.
The economic news continues to be light today with a bit of US housing data out, so all eyes will be on global events around the pandemic rather than scheduled market data releases.
Looking ahead there is some Japanese data out in the early hours although nothing of great importance and that's followed later in the day by Australian and New Zealand data, again in the early hours.
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.
Todays Economic Calendar
US: 13:30 Housing Data
US: 21:30 API Weekly Crude Oil Stock
JPN: 00:50 BoJ Monetary Policy Meeting Minutes
UK: 07:00 Public Sector Net Borrowing (Jun)
© 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.