US Data Smashes Expectations - MI271023

October 27, 2023
US Data Smashes Expectations - MI271023

The US had a raft of data out yesterday that came in well above expectations. Durable goods orders came in at 4.7% growth against an expected 1.5% growth and annualised GDP came in at 4.9% growth ahead of an expected 4.2%.

Conversely this caused the Dollar to weaken against the Pound as the intricacies around central bank rate hikes continue.

The Dollar continues to be the major currency in the spotlight today as the US releases it's personal consumption and expenditure numbers later.

Going into the weekend it's quiet for news ahead of Monday morning when the Nationwide releases it's UK house price figures and Germany releases it's GDP number.

Business news remains relatively light as global news stories dominate proceedings.

Get your free quote now

Economic calendar

US: 13:30 Personal Consumption and Expenditure

UK: Monday 07:00 Nationwide House Prices

GER: Monday 07:00 GDP Data

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.

All rights reserved. *Third party fees may apply.

Payment services are provided by Equals Connect Limited, registered in England & Wales No. 07131446. Registered Office: 3rd Floor, Vintners' Place, 68 Upper Thames St, London, EC4V 3BJ. Equals Connect Limited is authorised and regulated by the Financial Conduct Authority to provide payment services (FCA No. 671508).

For clients based in the European Economic Area, payment services for RegencyFX Ltd are provided by CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 - 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of an electronic-money institution (Relation Number: R142701).

For clients based in the United States, payment services for RegencyFX Ltd are provided by The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorised in 39 states to transmit money (MSB Registration Number: 31000206794359). Registered Office: 104 5th Avenue, 20th Floor, New York, NY 10011.

For clients based in the United Kingdom and rest of the world, payment services for RegencyFX Ltd are provided by The Currency Cloud Limited. Registered in England and Wales No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199).

Sciopay Ltd is licensed and regulated by HMRC as a Money Service Business (MSB). License No: XCML00000151326.

Sciopay Ltd is authorised by the Financial Conduct Authority as an Authorised Payment Institution. Firm Reference Number: 927951. , and All testimonials, reviews, opinions or case studies presented on our website may not be indicative of all customers. Results may vary and customers agree to proceed at their own risk.

Market insights