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Friday

  • GBP/EUR continues to trade near recent lows after opening at 1.1144, trading a high 1.1163, a low of 1.1131 and closing at 1.1138 representing a fall of 0.02% on Friday.
  • GBP/USD fell by 0.41% on Friday. The market opened at 1.2575, traded a high of 1.2587, a low of 1.2411 and closed at 1.2523.
  • Non-farm payrolls came in at 224K vs 162K expected. The US unemployment rate came in at 3.7% vs 3.6% expected and average hourly earnings m/m came in weaker than expected at 0.2% vs 0.3%.
  • Canadian employment change was weaker than expected at -2.2K vs 10.0K. The unemployment rate came in as anticipated at 5.5%.
  • UK ambassador to the US Sir Kim Darroch said in leaked emails that Donald Trump’s administration is “uniquely dysfunctional” and “divided”.
  • Donald Trump then criticised Sir Darroch said that ‘the ambassador has not served the UK well’.
  • Boris Johnson has claimed that he will make the UK ‘match fit’ for a no-deal Brexit.
  • The civil servant who was head of the Brexit department until March has said that a no-deal Brexit is ‘fraught with risk’.
Overnight
  • GBP/AUD, GBP/NZD and GBP/JPY are currently trading 1.7936, 1.8861 and 135.88, respectively.
Today
  • There is little economic data due to be released today.

 

MAJOR CURRENCY PAIRS
Current at time of distribution

Currency Pair Interbank Rate % Change on Day
GBP/EUR 1.1159 +0.19
GBP/USD 1.2534 +0.09
EUR/USD 1.1231 +0.06
AUD/USD 0.6988 +0.15

 

 

ECONOMIC CALENDAR
Current at time of distribution

No economic data due to be released.

https://www.godi.io/market-updates/newsletter-8th-july-2019/

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