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Yesterday

  • GBP/EUR opened at 1.1612, traded a high of 1.1640, a low of 1.1567 and closed at 1.1601 representing a 0.09% fall on the day.
  • GBP/USD opened at 1.3039, traded a high of 1.3074, a low of 1.3022 and closed at 1.3056 representing a 0.19% rally on Monday.
  • The US is proposing ¬£8.4bn ($11bn) worth of tariffs on EU goods in response to subsidies that support Airbus. The WTO has found that the subsidies have adverse impact on the US.
  • The BBC are reporting that both sides in the cross-party talks between Labour and Conservatives have obstacles to overcome if they are to find common ground in Brexit talks.
  • St Louis Fed rebutted President Donald Trump’s assertion that tightening monetary policy is hurting the economy.
Overnight
  • GBP/AUD, GBP/NZD and GBP/JPY are currenty trading 1.8327, 1.9396 and 145.85, respectively.
Today
  • Prime Minister Theresa May is to speak to German chancellor Angela Merkel and French president Emmanuel Macron regarding the UK’s Brexit¬†extension request today ahead of the EU summit tomorrow.
  • Another slow day ahead on the economic data front.

MAJOR CURRENCY PAIRS
Current at time of distribution

Currency Pair Interbank Rate % Change on Day
GBP/EUR 1.1618 +0.15
GBP/USD 1.3108 +0.39
EUR/USD 1.1278 +0.14
AUD/USD 0.7149 +0.32

 

ECONOMIC CALENDAR
Current at time of distribution

No economic data.

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