Investment & Insurance Blog

Currently browsing Latest Posts

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

Friday

  • Mixed day’s trading for the Pound on Friday.
  • Against the Euro the Pound traded fairly flat on the day but did ever slightly higher towards the 1.1600 handle with GBP/EUR closing at 1.1585 and up just +0.03% on the day.
  • The Pound did make more solid gains against the US Dollar however, closing up +0.27% at 1.2932, a solid recovery from a weeks low of 1.2865 which occurred Thursday morning.
  • The most recent UK CBI survey of industrial order expectations revealed that business optimism continued to decline in April with the reading at -5, down from +1 in March. The quarterly survey also reported that UK factories have been stockpiling at the fastest rate since the 1950’s as the try to counter the potential impact of Brexit.
  • Speaking on Friday, UK Chancellor Philip Hammond said he was hopeful they could reach a compromise with the Labour party on Brexit that would allow the PM’s thrice defeated deal to get through Parliament. The Chancellor added that he was optimistic that the two parties could find common ground.
  • The US economy accelerated at a far greater pace than expected during the first quarter of 2019. GDP for Q1 rocketed to 3.2% on an annualized basis, that was a whole percentage point higher than the 2.2% forecast. The economy was boosted by a surge in exports and decline in imports and also by an increase in government investment.
  • US Revised UoM Consumer Sentiment 97.2 (97.1 Exp)
Over The Weekend

  • The current Governing Socialists party won their third election in four years in Spain over the weekend. The Socialists polled 29% of the vote but will need to form a coalition with either a left-wing or centre right party in order to form a Government. One big headline was the collapse of the Popular Party (PP) which saw their number of seats drop from 137 to 66. Also for the first time since the 1970’s, a far right party is set to enter Parliament, with Vox winning 10% of the vote.
  • Credit ratings agency Standard & Poor (S&P) left Italy’s sovereign debt unchanged at BBB on Friday. That is just a notch above junk, as the S&P said the outlook for Italy remains negative due the Government failing to implement the necessary reforms amid global uncertainty.
  • US President Trump has said he could see the US and Japan signing a new trade deal as early as May as the President expressed confidence that the two countries could quickly work through their differences over trade barriers in industries including automotive and agriculture.
Today
  • Incredibly quiet on the economic data front today. This afternoon there are a couple of releases out of the United States.

MAJOR CURRENCY PAIRS
Current at time of distribution

Currency Pair Interbank Rate % Change on Day
GBP/EUR 1.1591 +0.21
GBP/USD 1.2940 +0.24
EUR/USD 1.1161 +0.20
AUD/USD 0.7050 +0.20

 

ECONOMIC CALENDAR
Current at time of distribution
Time (GMT) Region Data Release Forecast Previous
13.30 USD (Feb) Core PCE Price Index m/m 0.2% 0.1%
13.30 USD (Mar) Core PCE Price Index m/m 0.1%
13.30 USD (Feb) Personal Spending m/m 0.2% -0.1%
13.30 USD (Mar) Personal Spending m/m

https://www.godi.io/market-updates/newsletter-29th-april-2019/

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.