Market Comment - 23rd May 2022

Posted by Stuart PritchardMay 23, 2022

Good morning,

Over the weekend there wasn't much scheduled news to move the FX markets. GBP/EUR has been running steadily upwards and the rate now sits towards the upper end of the mid term range. GBP/USD has been performing similarly too with the rate up from the recent lows and looks set to keep steadily increasing.

There is UK scheduled news out today and breakfast time tomorrow which could affect this. Firstly the Bank of England's Governor, Andrew Bailey, gives a speech later in the afternoon and the UK Public Sector Net Borrowing numbers are released early tomorrow.

Tomorrow also sees a glut of data out from Europe and the UK primarily being the index readings for manufacturing and the services sector so perhaps there will be more movement tomorrow.

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

UK: 17:15 BoE Andrew Bailey Speech

UK: Tuesday 07:00 Public Sector Net Borrowing

© 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