+
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.
Analysts had expected a modest 0.1% growth to be reported at breakfast this morning.
The actual figure showed a -0.1% contraction.
A slowdown in manufacturing was cited as the main catalyst.
This puts pressure on the UK Government who have a focus on economic growth.
Maybe this will have an impact on the Spring Statement released on Wednesday 26th March.
The rest of the day sees a key consumer sentiment reading from the US after lunch before the weekend.
Early Monday sees a snapshot of the UK housing market before Chinese retail sales numbers shortly after.
Pound rates have remained relatively resilient in light of the negative news this morning with a continuance of the decorrelation between the Dollar and the Euro.
US: 14:00 Michigan Consumer Sentiment Index
UK: Monday 00:01 Rightmove House Price Index
CHN: Monday 02:00 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.
