Market insights

Market Comment - 18th January 2023

Good morning,

This morning saw the UK inflation position improve...slightly. Whilst analysts predicted 10.6% growth the number was actually 10.5% growth which was better than the previous months 10.7%.

This has had a mixed bag of reactions in the FX markets. The Pound lost strength against the Euro, however the overall rate looks a little better in the last 24 hours. Against the Dollar the Pound goes from strength to strength and this mornings news had a positive effect for the Pound.

It's a fairly big day for news today. There's inflation numbers out from the Eurozone, retail sales from the US, a number of speeches by the FED, and finally employment data from Australia tomorrow in the early hours.

Business news concentrates on the UK inflation number which is a little misleading. The price of fuel has dropped slightly, but the price of food continues to rise at a strong rate. This obviously has a skewed set of overall outcomes for households dependent on their circumstances.


Today’s Economic Calendar

EUR: 10:00 Inflation Numbers

US: 13:30 Retail Sales

US: 14:00 FED's Raphael Bostic Speech

US: 14:30 FED's James Bullard Speech

US: 18:00 FED's Esther George Speech

US: 20:00 FED's Patrick Harker Speech

AUS: Thursday 00:30 Employment Data


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 your free quote now

Economic calendar

Open a free account

It is free and easy