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Friday

  • GBP/EUR fell by 0.57% on Friday after opening at 1.1168, trading a high of 1.1175 and closing at 1.1107.
  • GBP/USD fell to his lowest levels since 2017 after opening at 1.2447, trading a high of 1.2459, a low of 1.2376 and closing at 1.2380 representing a 0.54% fall on Friday.
  • US advance GDP q/q came in better than expected 2.1 % vs 1.8% and US advance GDP price index q/q came in weaker than expected at 2.4% vs 4.0%.
  • Business lobby group CBI have said that the UK is not ready for a no-deal Brexit in a warning to the government. They also said that the EU is not ready either. A government spokesperson said the UK has increased the pace of planning for a no-deal.
  • Boris Johnson has made Michael Gove responsible for the planning of a no-deal Brexit.
  • Jobs at the Ellesmere Port Vauxhall factory could be under threat as the the chief executive of Vauxhall-owner PSA said it could move production to Europe if Brexit makes it unprofitable.
Overnight
  • GBP/AUD, GBP/NZD and GBP/JPY are currently trading 1.7846, 1.8597 and 133.90, respectively.
Today
  • There is no economic data of note to be released today.
  • Boris Johnson has called for a renewal of the “ties that bind our United Kingdom” ahead of his first visit to Scotland as prime minister. He is set to announce £300m of funding for Wales, Scotland and Northern Ireland.

 

MAJOR CURRENCY PAIRS
Current at time of distribution

Currency Pair Interbank Rate % Change on Day
GBP/EUR 1.1079 -0.25
GBP/USD 1.2326 -0.43
EUR/USD 1.1123 -0.01
AUD/USD 0.6905 -0.04

 

ECONOMIC CALENDAR
Current at time of distribution
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