Investment & Insurance Blog

Currently browsing Latest Posts

 

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

 

Yesterday

  • There was no economic data to report on yesterday.
  • Speaking yesterday afternoon UK Chancellor Philip Hammond said that whilst he did not want to make life difficult for the next PM, whether that be Boris Johnson or Jeremy Hunt, he would still do everything he could to fight against a no-deal Brexit. Confirming he would step down as Chancellor when the next PM takes office, Hammond added he would work to block any attempts to sever ties with the EU without a transition deal in place that could help soften the economic shock.
  • Germany’s Ursula von der Leyen, many’s favourite to become the next European Commission President, has said she would be open to giving the UK a further Brexit extension but only if good reason were provided.
  • US Empire State Manufacturing Index 4.3 (1.6 Exp)
  • Speaking at a leadership debate yesterday both Boris Johnson and Jeremy Hunt have suggested even a significant change to the Irish backstop would not be enough to win them over and that the backstop needs to be scrapped altogether. That would appear to be setting the bar incredibly high as the backstop has been one of Brussels unrelenting red lines and a key reason for Mrs May’s failures and ultimately end to her Premiership.
Overnight

  • Sterling is under pressure yet again this morning as fears of a no-deal Brexit under a Boris Johnson Government continue to weigh on the Pound.
  • New Zealand CPI q/q 0.6% as expected
  • Credit ratings agency Fitch believe the US Fed will cut rates by less than current market expectations in 2019. Fitch expect just one rate cut of 25bp given the robust US jobs growth.
  • Minutes from the most recent Reserve Bank of Australia meeting appear to have left the door open to further rate cuts in the near/medium term having cut rates to an all time low of 1% earlier this month. The RBA are concerned about the jobs market and a lack of wage growth for Australian workers.
Today
  • We have a stacked data calendar today.
  • This morning UK employment data headlines at 9.30am.
  • This afternoon there are a raft of US releases with Retail Sales the key figure at 1.30pm.

MAJOR CURRENCY PAIRS
Current at time of distribution

Currency Pair Interbank Rate % Change on Day
GBP/EUR 1.1088 -0.22
GBP/USD 1.2469 -0.37
EUR/USD 1.1247 -0.09
AUD/USD 0.7028 -0.15

 

ECONOMIC CALENDAR
Current at time of distribution
Time (GMT) Region Data Release Forecast Previous
09.30 GBP Average Earnings Index 3m/y 3.1% 3.1%
09.30 GBP Unemployment Rate 3.8% 3.8%
10.00 EUR German ZEW Economic Sentiment -22.1 -21.1
10.00 EUR Eurozone Trade Balance 16.4Bn 15.3Bn
13.30 USD Retail Sales m/m 0.1% 0.5%
13.30 USD Import Prices m/m -0.7% -0.3%
14.15 USD Capacity Utilization Rate 78.2% 78.1%
14.15 USD Industrial Production m/m 0.1% 0.4%
15.00 USD Business Inventories m/m 0.4% 0.5%
18.00 USD Fed Chair Powell Speaks

 

https://www.godi.io/market-updates/newsletter-16th-july-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 (81)

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 (100)

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 (52)

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 (87)

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.