+
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 continued it's drop versus the Dollar and the Euro yesterday exacerbated by higher than expected inflation data from the Eurozone. There was a brief rally in the early hours, but Pound rates have continued to drift subsequently.
The Australian unemployment rate came in slightly better than expected at 3.5% which has further strengthened AUD versus GBP.
Dollar rates could be affected during the day as US led data dominates proceedings until the early hours of tomorrow. Initial jobless claims and housing sales are the main headlines.
The early hours of tomorrow look interesting. In chronological order we've got UK consumer confidence, Japanese inflation (analysts expecting annualised growth of 3.5%), UK public sector net borrowing (expect a big number around £27 billion), and finally UK retail sales. Month on month growth for the latter estimated to be 0.2% growth.
Todays business news centres around industrial action. Rail services are deeply affected and senior hospital doctors start a 48 hour strike.
US: 13:30 Initial Jobless Claims
US: 15:00 Existing Home Sales
UK: Friday 00:01 Gfk Consumer Confidence
JPN: Friday 00:30 Inflation Data
UK: Friday 07:00 Public Sector Net Borrowing
UK: Friday 07:00 Retail Sales
As ever we look forward to looking after you and please keep an eye out for our next Insight.
Our friendly currency experts are always on hand to help you. We offer a first class service backed up by an easily accessible online platform to ensure you always have visibility of your transactions.
Our business ethos is based on bank beating and fantastic customer service. Click on the link above for a free, no obligation quote, and see for yourself how Regency FX can save you money.
