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Friday

  • GBP/EUR opened at 1.1253, traded a high of 1.1298, a low of 1.1230 and closed at 1.1230 representing a 0.24% fall on the day.
  • GBP/USD opened at 1.2688, traded a high of 1.2763, a low of 1.2687 and closed at 1.2732 representing a 0.35%.
  • Canadian employment change came in better than expected at 27.7K  vs 5.0K. Unemployment rate came in slightly better than expected at 5.4% vs 5.7%.
  • From the US, average hourly earnings m/m came in slighty worse than expected at 0.2% vs 0.3%. Non-farm payrolls also came in worse than expected at 75K vs 177K. Unemployment rate came in as expected at 3.6%.
Overnight
  • GBP/AUD, GBP/NZD and GBP/JPY are currently trading 1.8256, 1.9212 and 138.17, respectively.
  • Chinese trade balance came in better than expected at 279B vs 136B.
Today
  • The UK have signed a outline free trade agreement (FTA) that seeks to maintain existing trade arrangements post-Brexit. The preliminary agreement marks the first post-Brexit trade deal the UK has secured in Asia.
  • Conservative leadership hopeful Boris Johnson has pledged to cut income tax for high earners on over £50,000 pa.
  • Work and Pensions Secretary Amber Rudd said she believed Jeremy Hunt should be prime minister.
  • GDP from the UK came in at -0.4% vs -0.1% expected and manufacturing production m/m came in at -3.9% vs -1.1% expected.

MAJOR CURRENCY PAIRS
Current at time of distribution

Currency Pair Interbank Rate % Change on Day
GBP/EUR 1.1255 +0.22
GBP/USD 1.2718 -0.11
EUR/USD 1.1298 -0.28
AUD/USD 0.6967 -0.43

 

ECONOMIC CALENDAR
Current at time of distribution

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