Market Comment - 12th November 2021

November 12, 2021
Market Comment - 12th November 2021

Good morning,

GBP/EUR remains in a fairly tight downward channel on the short term timeframe chart. However there is some indication the rate has found a short term technical bottom which makes it more likely that the rate could rise from here without any global news catalyst pushing it down.

Versus the Dollar things look a little less rosy as the technical bottom has been breached. However it's also unlikely the rate should fall further without a global news story as all the GDP and rate data has now been priced in.

The Swedish Krona also remains fairly stable today and doesn't appear to be gaining any further strength.

Looking ahead it's mainly US data following their close yesterday for Veterans Day. Over the weekend there is preliminary GDP information out from Europe and Chinese Retail Sales that could cause a stir ahead of the markets reopening after the weekend.

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.

GET A QUOTE

Today’s Economic Calendar

US: 15:00 Michigan Consumer Sentiment Index

EUR: Saturday 10:00 Preliminary GDP Data

UK: Sunday Midnight Rightmove House Prices

CHN: Monday 02:00 Retail Sales Data

Open a Personal Account

Open a Business Account

Get your free quote now

Economic calendar

All rights reserved. *Third party fees may apply.

Payment services are provided by Equals Connect Limited, registered in England & Wales No. 07131446. Registered Office: 3rd Floor, Vintners' Place, 68 Upper Thames St, London, EC4V 3BJ. Equals Connect Limited is authorised and regulated by the Financial Conduct Authority to provide payment services (FCA No. 671508).

For clients based in the European Economic Area, payment services for RegencyFX Ltd are provided by CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 - 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of an electronic-money institution (Relation Number: R142701).

For clients based in the United States, payment services for RegencyFX Ltd are provided by The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorised in 39 states to transmit money (MSB Registration Number: 31000206794359). Registered Office: 104 5th Avenue, 20th Floor, New York, NY 10011.

For clients based in the United Kingdom and rest of the world, payment services for RegencyFX Ltd are provided by The Currency Cloud Limited. Registered in England and Wales No. 06323311. Registered Office: Stewardship 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).

Sciopay Ltd is licensed and regulated by HMRC as a Money Service Business (MSB). License No: XCML00000151326.

Sciopay Ltd is authorised by the Financial Conduct Authority as an Authorised Payment Institution. Firm Reference Number: 927951. , and All testimonials, reviews, opinions or case studies presented on our website may not be indicative of all customers. Results may vary and customers agree to proceed at their own risk.

Market insights