Investment & Insurance Blog

Currently browsing Latest Posts

Yesterday

  • Sterling rates were under pressure yesterday as markets and investors await the outcome of the EU Leader Summit this week, in which they will decide whether to grant the UK an extension to the Brexit deadline.
  • GBP/USD was trading with a 1.3100 handle in the morning but ended the day trading just shy of 1.3050.
  • GBP/EUR having hit a morning’s high of 1.1633, traded as low as 1.1555 by mid-afternoon before closing the day at 1.1590.
  • The International Monetary Fund (IMF) cut global growth forecasts yesterday and suggested a No-Deal Brexit could have potentially large and long-lasting negative impacts on both the economies of the UK and the European Union.
  • The IMF predict global growth will likely be 3.3% in 2019, a 0.2% downgrade from their January forecast. However their forecast for 2020 remained unaltered at 3.6%.
  • US JOLTS Job Openings 7.09M (7.54M Exp)
Overnight

  • According to Reuters, and ahead of today’s EU leaders summit, the EU will grant the UK a further delay to the Brexit deadline however it is likely they will demand a far longer extension than currently being sought by Theresa May.
  • The Aussie Dollar has rallied in FX markets this morning following less Dovish comments than expected from Reserve Bank of Australia Dep Gov Debelle.
  • Japan Core Machinery Orders m/m 1.8% (3.0% Exp)
  • Japan PPI y/y 1.3% (1.0% Exp)
  • French Industrial Production m/m +0.4% (-0.5% Exp)
  • Italian Industrial Production m/m +0.8% (-0.5% Exp)
Today
  • Plenty of key UK economic data set for release this morning (Incl GDP & Manufacturing).
  • Markets and Investors will also be closely following the EU Leaders Summit in which another potential Brexit extension will be discussed.
  • The ECB’s monetary policy meeting is taking place this afternoon.

MAJOR CURRENCY PAIRS
Current at time of distribution

Currency Pair Interbank Rate % Change on Day
GBP/EUR 1.1603 +0.11
GBP/USD 1.3069 +0.16
EUR/USD 1.1262 +0.01
AUD/USD 0.7147 +0.36

 

ECONOMIC CALENDAR
Current at time of distribution
Time (GMT) Region Data Release Forecast Previous
09.30 GBP GDP m/m 0.2% 0.5%
09.30 GBP Manufacturing Production m/m 0.2% 0.8%
09.30 GBP Goods Trade Balance -12.5Bn -13.1Bn
12.45 EUR ECB Interest Rate 0.00% 0.00%
12.45 EUR ECB Monetary Policy Statement
13.30 EUR ECB Press Conference
13.30 USD CPI m/m 0.3% 0.2%
TBC GBP NIESR GDP Estimate 0.1%
16.50 USD Fed Member Quarles Speaks
19.00 USD FOMC Meeting Minutes
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 (58)

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 (86)

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 (51)

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 (76)

News and updates about Structured Investment Products.

Tax products (6)

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.