Login

Market Comment - 31st August 2022

Posted by Stuart PritchardAugust 31, 2022

Good morning,

The Pound continued to slide through the course of Tuesday. The GBP/EUR rate moved towards the lower end of the mid term range. Maybe the European inflation numbers out shortly will have some effect on this.

It's a similar story with the Dollar. At one point yesterday you would have got less Dollars for your Pound than you would have got Euros for your Pound. The ADP employment numbers out from the US later may have some effect on GBP/USD.

Other than that it's the ongoing talk of strikes in the UK that's making the news. Royal Mail walks out for the second time today with more strikes promised from a number of different sectors going forward including barristers.

From a UK perspective there's not much scheduled news before the end of the week so it might be European or US led data that has any significant effect. Things for the Pound could well be stalled until Monday when we find out who the next Prime Minister is.

Today’s Economic Calendar

EUR: 10:00 Inflation Data

US: 13:15 ADP Employment Change

CHN: Thursday 02:45 Caixan Manufacturing PMI

UK: Thursday 07:00 Nationwide Housing Prices

GER: Thursday 07:00 Retail Sales

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.

© 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