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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
Good morning,
Yesterdays raft of data was a bit of a storm in a teacup. Most of the data, and there was a lot of it, came in broadly as expected. There was a bit of intra day volatility, but for the most Pound rates tracked sideways.
However scheduled news is at it again today. Potentially a big day for Pound rates versus both the Euro and the Dollar.
First there's Eurozone inflation data where analysts are expecting growth of 10.4%. Anything either side could see big moves in GBP/EUR.
Then there's employment data from the States, but this will certainly be overshadowed by the US GDP numbers out just after lunch. Economists are predicting growth of 2.6% which will have been priced in to GBP/USD rates. Conversely today a lower figure could see a strengthening of the Dollar and vice versa for a higher number. A lower number could force the FED to take measures to aid the economy hence it might be good for Dollar rates.
Business news continues to be dominated by ongoing industrial action as focus moves towards Royal Mail workers who have a number of walk outs planned in the run up to Christmas.
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Today’s Economic Calendar
EUR: 10:00 Inflation Numbers
US: 13:15 ADP Employment Change
US: 13:30 GDP Data
US: 17:35 FED's Lisa Cook Speech
US: 18:30 FED's Chair, Jerome Powell, Speech
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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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