Investment & Insurance Blog

Currently browsing Latest Posts

Yesterday

  • MPs again failed to back an alternative Brexit plan out of a further four put to the House of Commons yesterday.
  • The four motions chosen by The Speaker and corresponding results were as follows;
    • Ken Clarke’s ‘customs union’ was defeated 273 votes for to 276 against.
    • Nick Boles’ ‘common market 2.0’ was defeated 261 votes for to 282 against.
    • Kyle and Wilson’s ‘confirmatory public vote’ was defeated 280 votes for to 292 against.
    • Joanna Cherry’s ‘parliamentary supremacy’ was defeated 191 votes for and 292 against.
  • The European Union’s chief negotiator Michel Barnier said in the light of the newest round of indicative votes, a no-deal Brexit is more likely now however it can be avoided. Barnier said that a long extension beyond 12th April carried “significant risks for the EU” and that a “strong justification would be needed” before the EU would agree.
  • UK manufacturing PMI came in better than expected at 55.1 vs 51.2.
  • Eurozone CPI flash estimate y/y came in weaker than expected at 1.4% vs 1.5%.
  • US retail sales came in weaker than expected at -0.2% vs 0.3%.
  • ISM manufacturing PMI came in at 55.3.
  • GBP/EUR opened at 1.1625, traded a high of 1.1728, a low of 1.1593 and closed at 1.1652 representing a +0.23% move on the day.
  • GBP/USD opened at 1.3037, traded a high of 1.3149, a low of 1.3009 and closed at 1.3101 representing a +0.51% move.
Overnight
  • Australian building approvals m/m came in far better than expected at 19.1% vs -1.7%.
  • Australian cash rate was kept at 1.50%.
  • GBP/AUD, GBP/NZD and GBP/JPY are currently trading 1.8451, 1.9272 and 145.29, respectively.
Today
  • Prime Minister Theresa May is chairing two cabinet meetings this morning to try and find a way to push through the current impasse.
  • At 1.30pm we are expecting core durable good orders data from the US.

MAJOR CURRENCY PAIRS
Current at time of distribution

Currency Pair Interbank Rate % Change on Day
GBP/EUR 1.1648 -0.03
GBP/USD 1.3051 -0.37
EUR/USD 1.1203 -0.09
AUD/USD 0.7071 -0.57

 

ECONOMIC CALENDAR
Current at time of distribution

 

Time (GMT) Region Data Release Forecast Previous
13:30 USD Core durable goods orders m/m 0.3% -0.2%
13:30 USD Durable goods orders m/m -1.1% 0.3%
Please follow and like us:


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 (26)

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 (1)

Home Emergency (23)

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

Income Protection (17)

News and updates about income, employment and protecting you.

Investments (69)

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 (47)

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 (63)

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.