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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
From the beginning of July to now, the GBP/EUR rate has hit todays rate 4 times.
Each previous time has seen a technical pull back, not overly associated with news stories.
With little scheduled news for either the general Eurozone or the UK, there is a chance this may repeat itself.
There is German inflation data out tomorrow where annualised growth of 2.1% is expected.
The main news for the rest of the week is US or Canada led.
Today sees American GDP numbers with quarterly growth of 3.1% expected.
Canadian GDP follows, where there is a chance of contraction rather than growth.
The final piece of the jigsaw sees the US personal consumption numbers before we head into the weekend.
This data is key this month. All eyes are on the US inflation rate and interest rate with the President making political moves to ensure the base rate is cut. If the American population is spending freely. it could indicate that inflation will rise in reaction which is opposite to base rate cuts as this is the main lever a central bank can pull to alter inflation.
Business news covers the impact of the new trade deal between the UK and the US where initial views appear to be positive.
US: 13:30 GDP Report
GER: Friday 13:00 Inflation Data
CAN: Friday 13:30 GDP Report
US: Friday 13:30 Core Personal Consumption Expenditure
As ever we look forward to keeping you in the loop and look out for our next update.
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