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Yesterday

  • GBP/EUR rallied by 0.53% yesterday after opening at 1.1558, trading a high of 1.1639. a low of 1.1558 and closing at 1.1622.
  • GBP/USD closed the day up by 0.77% after opening at 1.2932, trading a high of 1.3049, a low of 1.2923 and closing at 1.3032.
  • Labour’s governing body has agreed to support a further referendum on Brexit under certain circumstances. The party will demand a public vote if it cannot get get changes to the government’s deal or an election.
  • Eurozone preliminary flash GDP q/q came in at 0.4% vs 0.3% expected.
  • Canadian GDP m/m came in at -0.1%.
  • US Chicago PMI came in weaker than expected at 52.6 vs 59.1.
  • US consumer confidence came better than expected at 129.2 vs 126.2.
Overnight
  • New Zealand employment change came in at -0.2% vs 0.5% expected. The unemployment rate came in at 4.2% as expected.
  • GBP/AUD, GBP/NZD and GBP/JPY are trading at 1.8518, 1.9618 and 145.62, respectively.
Today
  • UK manufacturing PMI came in as expected at 53.1 and net lending to individuals came in better than expected at 4.7B vs 4.5B.
  • ISM manufacturing PMI from the US is expected at 3pm.
  • The US Fed will announce the federal funds tate at 7pm and release their FOMC statement.
  • It is a bank holiday in Europe today.

MAJOR CURRENCY PAIRS
Current at time of distribution

Currency Pair Interbank Rate % Change on Day
GBP/EUR 1.1637 +0.12
GBP/USD 1.3074 +0.32
EUR/USD 1.1234 +0.17
AUD/USD 0.7060 +0.18

 

ECONOMIC CALENDAR
Current at time of distribution

 

Time (GMT) Region Data Release Forecast Previous
15:00 USD ISM Manufacturing PMI 55.0 55.3
19:00 USD FOMC Statement
19:00 USD Federal Funds Rate <2.50% <2.50%
19:30 USD FOMC Press Conference

https://www.godi.io/market-updates/newsletter-1st-may-2019/

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