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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
Breakfast saw the UK unemployment rate hit 5%.
This will be putting further pressure on the Chancellor ahead of the budget in a couple of months.
Decisions made last year around employers national insurance may be weighing on the job market.
Interestingly wage growth has also slowed, and now the higher rate of inflation in the UK compared to other developed countries threatens to erode realised value to the consumer.
All of this is now starting to loom over the upcoming budget. With the Pound getting a hammering this morning there's a good chance this volatility will continue.
Turning eyes further afield it's a similar story across the board for Sterling with Middle Eastern currencies such as the Saudi Riyal (SAR) and Emirati Dirham (AED) also exhibiting short term relative strength.
The end of the week could be spicy for currency exchange rates.
Thursday morning sees the UK GDP number reported before US inflation early afternoon.
0.2% quarterly growth is expected in the UK and a 3% annualised growth reading is anticipated in the US.
UK: Thursday 07:00 GDP Report
US: Thursday 13:30 Inflation Report
As ever we look forward to keeping you in the loop and look out for our next update.
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