Market insights

Global manufacturing and service data worse than expected - Market Insight 25th July 2023

Yesterdays scheduled data covered the global position in the manufacturing and services sectors. Generally speaking the readings came in both below the "normal" number of 50 and slightly below analysts expectations. Because it was across the board it hasn't had much effect on currency rates in general.

It's another quiet day today for scheduled news. Eyes will be turning towards the US interest rate decision tomorrow evening, but outside of that there's not much on the table for today. The early hours of tomorrow sees Australian inflation numbers where analysts are expecting an annualised growth reading of 6.2%.

Overall Pound rates look to be improving slightly this morning against most of the majors including the Dollar and Euro. This follows a sustained period of selling off and looks to be technical buying rather than as a result of data.

Business news remains relatively quiet also with the highlight being the rebranding of Twitter and the new "war" between social media services. Meta has released a Twitter rival called Threads and TikTok has started a text only option for messages as each company tries to hold onto it's territory whilst eating into their competitors.

Get your free quote now

Economic calendar

US: 15:00 Consumer Confidence

AUS: Wednesday 02:30 Inflation Data

As ever we look forward to looking after you and please keep an eye out for our next Insight.

Our friendly currency experts are always on hand to help you. We offer a first class service backed up by an easily accessible online platform to ensure you always have visibility of your transactions.

Our business ethos is based on bank beating and fantastic customer service. Click on the link above for a free, no obligation quote, and see for yourself how Regency FX can save you money.

Open a free account

It is free and easy