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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
GBP/EUR has slumped in grand style.
In less than a week the rate has given up well over 3% since last Wednesday.
This is the sharpest drop since the infamous "Mini Budget" of 2022.
Possibly great news if you're looking to repatriate Euros into Sterling from a Eurozone property sale.
The question is....how low can it go?
And there's no clear answer to that. There's an argument that we're in support territory now. However the collapse has been so dramatic that the rate could easily blow through that support.
That leads into a strong end to the week....outside of the turmoil created by Trumps Tariffs.
Today sees reports from the Bank of England and the FED, so possible GBP/USD movements.
Tomorrow is livelier again with the US inflation report. Analysts are expecting annualised growth of 2.6%.
With the President of the US potentially angling for big rate cuts by the FED in the near future, this will be closely watched.
However the April figure reported in May will reflect the effect of the tariffs.
Friday morning switches to the UK with the GDP report out at breakfast time. Monthly growth of just 0.1% is predicted.
As you would expect, business news is dominated by tariff talk.
UK: 10:00 FPC Meeting Minutes
US: 19:00 FOMC Meeting Minutes
US: Thursday 13:30 Inflation Report
UK: Friday 07:00 GDP Report
As ever we look forward to keeping you in the loop and look out for our next update.
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