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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
This week saw 30 year UK gilts hit 27 year highs (1998).
So what does that mean?
The UK Government borrows money, and the interest rate, or yield, indicates how risky the financial markets perceive that borrowing to be. The higher the number, the greater the risk, and the UK bonds (gilts) hit 5.75% on Tuesday.
This had an instant effect on the Pound which crashed versus most major currencies.
However Sterling has taken a turn for the better subsequently, bolstered by better than expected services sector numbers later in the week.
UK retail sales numbers out this morning have also helped with 0.6% monthly expansion.
Today it's all about GBP/EUR and GBP/USD - the big hitters.
Eurozone GDP numbers lead the way with a precarious quarterly growth of 0.1% expected.
Then it's across the pond for the monthly non farm payroll numbers from the States.
The US job market isn't sparkling right now. Only 73,000 jobs were added last month, and 75,000 are expected to be reported today.
Business news continues to be dominated by the ongoing effects of the Trump tariffs with US/Japan taxes changing.
EUR: 10:00 GDP Numbers
US: 13:30 Non Farm Payrolls
CAN: 13:30 Unemployment Rate
JPN: Monday 00:50 GDP Numbers
As ever we look forward to keeping you in the loop and look out for our next update.
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