Market Comment -1st November 2022

November 1, 2022
Market Comment -1st November 2022

Good morning,

GBP/EUR and GBP/USD rates remain in a steady recovery mode. The data out yesterday generally matched what was predicted so there wasn't a huge amount of voliatlity.

EUR/USD remains under the spotlight and still close to parity. With little news scheduled today that's unlikely to change a huge amount.

The big oil companies continue to make headlines also with BP posting a £7.1 billion profit for the third quarter this year. That's more than double the profit they made in the same period last year.

It's a fairly quiet day for news today as eyes are moving towards Thursday when the Bank of England puts out its interest rate decision.

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Today’s Economic Calendar

US: 14:00 Institute for Supply Management (ISM) Manufacturing Data

CAN: 22:30 Bank of Canada's Tiff Macklem Speech

CAN: 22:30 Bank of Canada's Carolyn Rogers 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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Economic calendar

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