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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
The Dollar took a battering at the end of last week on the back of a poor non farm payrolls number.
Just 73,000 full time jobs were added versus an expected 110,000.
It was the opposite way around for GBP/EUR where the Pound lost ground due to a higher than expected Eurozone inflation reading.
A higher reading puts pressure on the ECB to either keep interest rates where they are or to increase them...although the latter is unlikely.
Looking ahead the volatility could be nailed on to continue.
UK retail sales numbers tomorrow are followed by global service sector readings. This is a key sector, especially for the US.
However it's all about the Bank of England base rate decision on Thursday with the associated vote count from the Monetary Policy Committee.
All eyes will be on this vote count as the Bank of England walks a tightrope of decision making around bolstering the economy versus controlling inflation.
The UK appears, on the face of it, to be the most on a knifes edge.
Poor economic data is being set against an inflation rate of 3.6% which is almost double the BoE's target.
The BoE's biggest leaver to lower inflation is to raise interest rates....however a 25 point cut looks a dead cert for Thursday.
Business news covers the continuing outfall of the US tariffs.
UK: Tuesday 00:01 BRC Like for Like Retail Sales
EUR: Tuesday 09:00 Services PMI
UK: Tuesday 09:30 Services PMI
US: Tuesday 15:00 Services PMI
As ever we look forward to keeping you in the loop and look out for our next update.
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