Market insights

Market Comment - 3rd April 2023

Good morning,

The week starts much as it finished last week. GBP/EUR remains in a sideways track. The Pound has gained some strength versus the Dollar however.

With little scheduled data out today it's unlikely to change. There's the institute of supply management numbers out in the US but little else until the Reserve Bank of Australia's interest rate decision in the early hours of tomorrow where analysts are expecting a 25 basis point hike to 3.85%.

Business news is dominated by a surprise jump in oil prices. At the start of the Ukraine conflict prices soared, but have since steadied. However with a reported cut in oil production from the middle East the price has bounced, but is still off the 12 month highs.

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Today’s Economic Calendar

US: 15:00 ISM Manufacturing PMI

AUS: Tuesday 05:30 RBA Interest Rate Decision

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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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