Market insights

US inflation expected to have increased today - Market Insight 10th August 2023

Analysts are predicting that the US inflation number will have gone up in July compared with June. The June figure showed annualised growth of 3% and was indicating a trend back down from the eye watering highs. However the July figure, reported today, is expected to show a return upwards to 3.3%.

GBP/USD has been trending sideways this week, so this figure could trigger a high degree of volatility.

Outside of that it's a quiet day....until breakfast tomorrow.

The UK steps up to the plate releasing preliminary GDP numbers, industrial and manufacturing production, and trade balance.

This could well shift the GBP/EUR rate which has also been moving in a sideways pattern.

Business news shows a relaxation in mortgage rates by the biggest lender, Halifax, along with reports that Brits are fleeing the poor Summer in the UK in favour of more guaranteed sun abroad.

Get your free quote now

Economic calendar

US: 13:30 Inflation Number

UK: Friday 07:00 Preliminary GDP Number

UK: Friday 07:00 Manufacturing and Industrial Production

UK: Friday 07:00 Trade Balance

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
Register