Market insights

Market Comment - 22nd December 2022

Good morning,

This mornings confirmed GDP numbers for the UK came in worse than expected. The prediction had been for a -0.2% but the actual number was -0.3%. This has caused a further softening of the Pound against most major currencies.

Great news for converting into the Pound from other currencies.

GBP/USD could be affected later when the US confirms their quarterly GDP number. Analysts are expecting the number to be ratified at 2.9% growth.

Other than that the main news in the next 24 hours is Japanese with their inflation numbers and the Bank of Japan monetary policy meeting minutes.

Business news is all about strike action and the state of the UK economy. This mornings GDP data has reaffirmed the somewhat gloomy outlook.

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Today’s Economic Calendar

US: 13:30 GDP Numbers

JPN: 23:30 Inflation Data

JPN: 23:30 BoJ Monetary Policy Meeting Minutes

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As ever we look forward to keeping you in the loop and look out for our next update.

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Economic calendar

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.

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