Login

Market Comment - 8th November 2021

Posted by Andy DyerNovember 8, 2021

Good morning,

The Pound seems to have found a bit of stability against the Euro after the rout following the interest rate decision. The short term momentum is to the downside although the rate is currently mid range over the longer term view therefore it's a bit of a coin toss which direction it will go next.

Against the Dollar the rate is closer to the longer term bottom and is closer to the 12 month low. We will be keeping a close eye on this as we go through this week.

In terms of data there's not much out today. The British Retail Consortium (BRC) release their retail sales data at midnight but other than that there's not much to report.

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: Midnight BRC Retail Data

© 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.

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