Market Comment - 23rd July 2021

Posted by Stuart PritchardJuly 23, 2021

Good morning,

The pound continued to strengthen yesterday afternoon and early evening before plateauing in the early hours. This is against most of the major counterparts so looking good going into the weekend.

Jobless numbers in the US yesterday were softer than expected too so that may have bolstered the GBP versus USD.

Retail sales year on year including fuel came in slightly better than expected at 7am this morning which is typically a bullish sign for Sterling so that should help underpin the gains made overnight.

For the rest of the day it's mainly US data that's coming out and none of it is particularly heavily weighted so don't expect too much turbulence outside of potential global news stories that could come out at any time.

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 

Nothing to report

© 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