Market insights

UK GDP Misses Target - MI131223

Breakfast this morning saw the UK release its monthly GDP report. Analysts were expecting a reading of -0.1%, so the off reading of -0.3% was a real negative.

This has caused an immediate softening in Sterling rates.

However, looking ahead things could shift significantly against the Dollar as the FED releases its interest rate decision later this evening. Analysts are expecting them to keep the rate at 5.5%.

At the same time there's the FED's monetary policy statement followed by a press conference shortly after.

Going into tonight eyes move to the Southern hemisphere. First out of the traps is New Zealand GDP before Australian unemployment in the early hours of tomorrow.

On the horizon for tomorrow is the UK's interest rate decision, so it's a news packed day or two ahead.

Get your free quote now

Economic calendar

US: 19:00 Interest Rate Decision

US: 19:00 FED Monetary Policy Statement

US: 19:30 FOMC Press Conference

NZ: 21:45 GDP Numbers

AUS: Thursday 00:30 Unemployment Rate

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.

Open a free account

It is free and easy