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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
Lunchtime today sees the Bank of England release its interest rate decision.
It looks to be nailed on to remain at 5.25% as inflation is still way above the 2% target.
The interesting figure will be the Monetary Policy Committee rate count. With 9 members the consensus is for a 7members to vote for unchanged, 1 for a cut and 1 for a hike.
It will either be the vote count or the Bank of England press conference not long after the report that could move GBP rates.
Overnight the Pound gained nicely versus the Dollar. The FED kept their base rate at 5.55. However the dovish comments from the subsequent press conference caused the Dollar to weaken.
It's now expected that the FED will cut rates before the BoE does.
Outside of this report there's global manufacturing and services data out, so it could be a volatile day for FX.
Going into the early hours there's a reading of the UK's consumer confidence before the UK retail sales numbers are reported at breakfast time.
Business news centres on the declining gap between what the UK Government spends and what income it has coming in. Referred to as the Public Sector Net Borrowing it's generally understood that most developed countries spend more than they get coming in and borrow to make up the shortfall via bonds. In February, the UK's was worse than anticipated but well down on the same period last year.
UK: 12:00 BoE Interest Rate Decision
UK: 12:00 MPC Vote Count
UK: 12:00 Monetary Policy Report
UK: Friday 00:01 Gfk Consumer Confidence
UK: Friday 07:00 Retail Sales
As ever we look forward to keeping you in the loop and look out for our next update.
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