A quick recap of the data from Friday and overnight. The US nonfarm payrolls came in better than expected with growth of 428k jobs versus an expected 391k. That has bolstered the strength of the Dollar as would be expected.
Chinese exports came in way off the expected target. In the early hours the expectation was for 16.4% growth and it actually came in at 1.9% growth. This is almost certainly because of global inflation and a tightening of belts generally.
Business news continues to be dominated by cost of living problems with talk of energy prices and some people having to cut back on certain shopping basket items.
Today sees the Bank of Englands Michael Saunders giving a speech. Hopefully it will pave the way for a move up for the Pound which is still looking very weak versus both the Euro and the Dollar.
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: 14:00 BoE Michael Saunders 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.