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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
Good morning,
Overnight the Australian unemployment number came in at 3.7% against the expected 3.5%. This has caused a weakening of the Australian Dollar versus Sterling.
GBP/USD continues to drop from the recent high. With mainly US led news out today, this decline may well continue.
GBP/EUR remains entrenched in a sideways pattern for now at the top of the short term range, and conversely, at the bottom of the longer term range from last year. With a speech from the ECB President, Christine Lagarde shortly, this may change. Around the same time there's the Bank of England's monetary policy report hearing so there's plenty of spice in the offing before lunch.
After that it switches to US data with initial jobless claims, and a speech from the FED.
Overnight there's UK consumer confidence numbers before eyes will turn to the Japanese Yen and the Japanese inflation numbers. Analysts are expecting an annualised growth of 2.5%.
Business news isn't particularly uplifting unfortunately. BT is expecting to shed 40% of its workforce or 55,000 jobs before 2030. This follows a number of businesses with large workforces going down a similar path.
EUR: 10:00 ECB's Christine Lagarde Speech
UK: 10:15 BoE's Monetary Policy Report Hearing
US: 13:30 Initial Jobless Claims
US: 14:05 FED's Philip Jefferson Speech
UK: Friday 00:01 Gfk Consumer Confidence
JPN: Friday 00:30 Inflation Data
As ever we look forward to keeping you in the loop and look out for our next update.
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