Market Comment - 22nd November 2022

November 22, 2022
Market Comment - 22nd November 2022

Good morning,

Today saw the UK borrow £12.728 billion in October. However this was below the forecasted £15.376 billion. The borrowing was put down, in large part, to the Governments energy support scheme. As this was slightly better than expected it has actually caused a very minor weakening of the Pound as it takes a modicum of pressure off the Bank of England to support the economy.

With very little news scheduled for today other than European consumer confidence it's unlikely there will be big volatility in FX markets short of a global news story.

The Pound has been gaining nicely versus the Australian Dollar. However the rate remains well below mid term highs back in February 2022.

Tomorrow sees a bit more news scheduled with the monthly, global services and manufacturing purchasing managers indices being released.

CLICK HERE FOR YOUR FREE QUOTE

Today’s Economic Calendar

CAN: 13:30 Retail Sales

EUR: 15:00 Consumer Confidence

NZ: Wednesday 01:00 Reserve Bank of New Zealand Interest Rate Decision

CLICK HERE FOR YOUR FREE QUOTE

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

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