+
For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
.png){kind=logo}
For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
Good morning,
According to the Halifax, UK house prices appear to have bounced back after a disappointing end to last year. Month on month growth for February was expected to show a 0.2% increase, but actually came in at 1.1% growth. Possibly the fear around ever increasing interest rates is now subsiding.
The Reserve Bank of Australia hiked their base rate by the expected 0.25% to 3.6% which is in line with most developed countries globally. This had a small effect on GBP/AUD where the Pound has gained a little ground against the Australian Dollar. However this rate may be affected in the early hours of tomorrow when the Governor of the RBA, Philip Lowe, gives a speech.
Today will be all about the Dollar later when the FED Chairman, Jerome Powell, testifies before congress mid afternoon.
Tomorrow breakfast time could see some movement on GBP/EUR rates when Germany releases it's retail sales numbers. Analysts are expecting contraction of -5% year on year.
Business news centres on Australian crop exports which are predicted to be a record highs this year following their torrential rain in recent months. Exports are expected to hit $75 billion.
CLICK HERE FOR YOUR FREE QUOTE
Today’s Economic Calendar
US: 15:00 FED's Jerome Powell Testifies
AUS: Wednesday 00:30 RBA's Philip Lowe Speech
GER: Wednesday 07:00 Retail Sales
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.
