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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
Yesterday saw a significant agreement.
The US President was acknowledged for his strong intervention to go further and faster.
Whilst this was big economic news there wasn't a huge effect on global markets.
The big move, at least for the Pound, was the Bank of England interest rate decision.
This came in at the expected 25 point cut to 4.25%.
However it was the MPC vote count that put the cat amongst the pigeons.
9 to 0 in favour of a 25 point cut had been predicted.
Instead it was 2 for no cut, 5 for a 25 point cut, and unexpectedly 2 voted for a 50 point cut.
This caused immediate volatility in Sterling rates although this has subsequently calmed down.
Going into the weekend expect global stories to dominate market news.
The start of trade talks between the US and China will have global traders on standby.
Especially with the Chinese inflation number being reported over the weekend with -0.1% contraction expected as the annualised figure.
CAN: 13:30 Unemployment Rate
CHN: Saturday 02:30 Inflation Report
As ever we look forward to keeping you in the loop and look out for our next update.
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