+
For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
.png){kind=logo}
For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
The Pound looks to have taken a slight hit on technical trading.
After pushing recent highs against the Dollar and the Euro, it could be argued there was some technical resistance.
Certainly the short term triple top versus the Euro might indicate that.
Today sees manufacturing purchasing managers indices being reported.
This demonstrates the strength of one of the most important sectors as a bellwether of the global economy.
The median reading is 50, so a number above is positive and vice versa.
The Eurozone is expected to show a reading lower than 50, and the UK is expected to be above 50, so GBP/EUR could be volatile today.
The early hours of tomorrow continue to see UK centric news with the BRC like for like retail sales numbers being reported just after midnight.
Business news continues to report on the Governments proposed increase on the windfall tax against energy companies.
EUR: 09:00 Manufacturing PMI
UK: 09:30 Manufacturing PMI
UK: Tuesday 00:01 BRC Like for Like Retail Sales
As ever we look forward to keeping you in the loop and look out for our next update.
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.
