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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
Today sees the release of the Non Farm Payroll number in the US. This number gives an indication of how well the American economy is doing. Going back to when seasonal work was a heavy factor (typically harvest time), this number removes those seasonal fluctuations to indicate the expansion or contraction of the full time job market. Analysts are expecting 200,000 jobs to have been added in July.
Recent data from the States has been generally positive or what's termed as bullish for trading the markets. Therefore the non farm number will be closely watched later.
Going back to yesterday we saw the Bank of England raise the UK base rate to the expected 5.25%. This is the 14th hike now and brings the rate to 15 year highs. Great for savers....not so great for mortgage holders. On the back of this Pound rates went through some short term volatility, but calmed down quickly.
There's plenty of data out today besides the non farms to move currency rates. Retail sales from the Eurozone, average earning from the US and Canadian unemployment are the highlights. For the last one analysts are expecting a rate of 5.5%.
In the UK the only scheduled data happens at breakfast time on Monday when the Halifax releases its house price changes.
EUR: 10:00 Retail Sales
US: 13:30 Non Farm Payrolls
US: 13:30 Average Earnings
CAN: 13:30 Unemployment Rate
UK: Monday 07:00 Halifax House Prices
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.
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