Market insights

UK shop prices growth slows - MI 290823

The early hours of this morning saw the BRC release a lower than expected annual growth of 6.9%. Meat, potatoes and cooking oil prices grew at a slower rate than expected. This could be a welcome relief for consumers being hit with rampant inflation.

Sterling rates have been largely unaffected since the weekend tracking sideways against most of the major currencies.

Besides US consumer confidence there's only Australian inflation numbers in the early hours of tomorrow that could affect rates. Analysts are expecting annualised growth of 5.2% for the latter.

Business news centres on disruption at airports due to a technical glitch and the expansion of the ULEZ scheme in London.

Get your free quote now

Economic calendar

US: 15:00 Consumer Confidence

AUS: Wednesday 02:30 Inflation Number

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