European Markit information is coming in this morning. Markit is seen as a good reflection of the real economy as it's independent and works with global manufacturing and services companies so it's seen as more ear to the ground than other, more academic sources. So far the European numbers are coming in ahead of expectation which has seen a softening of the Pound versus the Euro first thing. However the UK's numbers are out later so things may balance up.
The Pound is also temporarily weakening against the Dollar so it will be interesting to see how long lived this is.
As we expected the Pound didn't really break out versus the Euro so there was always a chance of a drop back from the technical resistance line.
The headline of todays press releases is President Biden's speech later this evening.
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: President Biden's speech
© 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