Investment & Insurance Blog

Currently browsing Latest Posts

 

https://www.bestpricefs.co.uk/app/foreign-exchange/

Yesterday

  • The next Tory leader and next prime minister of the United Kingdom will be either Boris Johnson or Jeremy Hunt following two rounds of votes by Conservative MPs yesterday.
    • Sajid Javid was the first candidate eliminated in the first vote on Wednesday after only receiving 34 votes with Jeremy Hunt receiving 59, Michael Gove receiving 61 and Johnson 157.
    • In the second ballot (fifth overall) Michael Gove was eliminated after receiving 75 votes. Jeremy Hunt received 77 and Boris Johnson received 160.
    • There have been claims of tactical voting from Boris Johnson’s team to end Gove’s campaign but this has been denied.
    • Mr Hunt has promised Mr Johnson the “fight of his life” in the coming weeks. (BBC)
  • The Bank of England kept rates unchanged at 0.75% yesterday with the MPC voting unanimously in favour of no change.
  • UK retail sales came in as expected at -0.5%.
  • US Philly Fed manufacturing index came in weaker than expected 0.3 vs 10.6.
  • GBP/EUR could not maintain its upward momentum from Tuesday and Wednesday and posted a loss of -0.08% on Thursday. The market opened at 1.1257, traded a high of 1.1270, a low of 1.1208 and closed at 1.1246.
  • US President Donald Trump suggested that Iran shooting down a US drone was down to a human error. There is a dispute over whether the drone was in international or Iranian airspace.
Overnight
  • GBP/AUD, GBP/NZD and GBP/JPY are currently trading 1.8345, 1.9320 and 136.63, respectively.
Today
  • This morning, flash manufacturing PMI and flash services PMI from the Eurozone came in at 47.8 and 53.4 respectively vs predictions of 48 and 53.
  • UK public sector net borrowing is due at 9.30am.
  • Canadian core retail sales m/m came is expected at 1.30pm.
  • We will also see US flash manufacturing PMI come in at 2.45pm.

MAJOR CURRENCY PAIRS
Current at time of distribution

Currency Pair Interbank Rate % Change on Day
GBP/EUR 1.1214 -0.28
GBP/USD 1.2677 -0.18
EUR/USD 1.1303 +0.11
AUD/USD 0.6918 -0.06

 

ECONOMIC CALENDAR
Current at time of distribution

 

Time (GMT) Region Data Release Forecast Previous
09:30 GBP Public Sector Net Borrowing 3.3B 5.0B
13:30 CAD Core Retail Sales m/m 0.6% 1.7%
14:45 USD Flash Manufacturing PMI 50.5 50.5

 

Please follow and like us:
error


Breakdown Cover (11)

Learn all about breakdown cover on the Best Price Financial Services blog. Get all the latest information and insights on breakdown cover.

Foreign Currency Exchange (89)

News and timely updates on relevant changes the international financial exchange market, to help you to manage both your currency exposure and the risks associated with market uncertainty.

General Insurance (2)

Home Emergency (23)

Blog posts about home emergency cover from Best Price Financial Services. Learn about home emergency cover and how it works.

Home Insurance (2)

Income Protection (17)

News and updates about income, employment and protecting you.

Investments (107)

Information and updates regarding UK Investment Plans.

Landlord Resources (8)

Helpful tips and advice about landlord cover from Best Price Financial Services. Find out about landlord home emergency cover and how it could help you.

Life Insurance (33)

Hints and tips about insurance and protecting your family.

Money Saving Tips (34)

Frugal tips to help you make the most of your money.

Motor Legal Protection (42)

All about Motor Legal Protection and how it can help you.

Press Room (57)

Latest news and views from discount broker Best Price FS

Savings (10)

All the information you'll need to find the best UK savings plans.

Structured Products (89)

News and updates about Structured Investment Products.

Tax products (7)

Ideas on how to receive enticing tax breaks, tax relief against your income tax bill, tax-free dividends and tax-free growth.

Travel Insurance (8)

Travel tips for holiday-goers, backpackers and skiers.