Market Comment - 20th June 2022

Posted by Stuart PritchardJune 20, 2022

Good morning,

GBP/EUR and GBP/USD rates remain towards the bottom of recent ranges. Interest rate decisions last week had some effect bring the Pound back up off recent lows.

Today sees a couple of speeches by Bank of England members which could affect Pound rates throughout the day. However there isn't much scheduled news out today so we are not expecting high degrees of volatility.

Overnight the Peoples Bank of China kept their base rate at 3.7% which was expected.

Midnight tonight Rightmove releases it's property price index. This will be keenly followed by those thinking there could be a cooling off in the property market happening.

As ever we look forward to keeping you in the loop and look out for our next update.

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Today’s Economic Calendar

UK: 09:00 BoE Jonathan Haskell Speech

UK: 14:00 BoE Catherine Mann Speech

EUR: 14:00 ECB Christine Lagarde Speech

UK: Tuesday 00:01 Rightmove House Price Index

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