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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
This morning saw the UK release a 3.8% growth inflation number.
That's almost double the 2% target, and is expected to tick further up to 4% next month!
No wonder the Bank of England is on a seesaw right now for the interest rate decision tomorrow.
The BoE uses the interest rate to curb inflation. If interest rates go up, then it costs consumers more to borrow, so they theoretically spend less...so through supply and demand, prices come down.
Great on paper, except the BoE also uses the interest rate to stimulate economic growth....by lowering the base rate.
What a pickle right now. Expect no change to the base rate tomorrow.
It's the Eurozones turn later where a more modest 2.3% is expected. Anything either side of that could have repercussions for the Euro.
But it's all really about the Dollar later.
The FED is expected to cut their base rate by 25 points to 4.25% in early evening. This will be shadowed by the political fallout between the President and the Chair of the FED, Jerome Powell.
If all that wasn't enough then prepare for the UK's Government borrowing position on Friday morning alongside a report on retail sales.
If ever there was a time to talk to your dedicated account manager at Regency FX, it could be now.
EUR: 10:00 Inflation Report
CAN: 14:45 BoC Interest Rate Decision
US: 19:00 FED Interest Rate Decision
US: 19:30 FOMC Press Conference
UK: Thursday 12:00 BoE Interest Rate Decision
UK: Thursday 12:00 FMC Vote Count
UK: Friday 07:00 Public Sector Net Borrowing
UK: Friday 07:00 Retail Sales
As ever we look forward to keeping you in the loop and look out for our next update.
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