Market Comment - 4th January 2022

Posted by Stuart PritchardJanuary 4, 2022

Good morning,

Firstly we would like to wish everyone a happy and prosperous New Year.

Now down to business. The Pound has continued to sit at the top of the resistance zone against the Euro over the festive period. Attempts for the rate to break out have failed. However the longer the rate remains here the more likely we will eventually see the break out. It still seems to be news stories around Covid that's affecting the markets at the moment rather than schedule news.

Against the Dollar the story remains the same as the pair are still range bound. However the Pound has recovered from it's December weakness that tested the low of the year before rallying back up to the mid range.

Market data has returned after a quiet patch over Christmas. Today we see Consumer Credit info out for the UK and the Institute for Supply Management (ISM) data out for the States.

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: 10:30 Consumer Credit and Markit Manufacturing PMI

US: 16:00 ISM Manufacturing PMI

© 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