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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
The American GDP number was off the consensus. This caused an immediate rally in the Pound that further strengthened gains made earlier in the week. Rates are still well below 2022 levels, but remain buoyant for the year thus far.
Moving onto today it's going to potentially be a big day for GBP/EUR and GBP/USD rates. First up is the preliminary inflation number from the Eurozone. Analysts are expecting annualised growth of 5.1%. Either side of that could cause the Euro to move. Following that there's the ECB's monetary policy meeting accounts at lunch time.
Over in the US the next news out of the traps is personal income and expenditure which expresses what the name suggest. What the average citizen earns and how much they spend.
There's then a couple of speeches from the ECB and the FED before we move into tomorrow.
Friday sees Chinese manufacturing numbers first followed by Nationwide housing prices. For the latter an annual contraction of -3.9% is expected.
Business news centres on the woeful Chinese property sector and the ongoing chaos and expenditure felt by UK passengers still caught up in the travel chaos at airports.
EUR: 10:00 Preliminary Inflation Numbers
US: 13:30 Personal Income and Expenditure
US: 14:00 FED's Susan Collins Speech
EUR: 17:00 ECB's Luis De Guindos Speech
CHN: Friday 02:45 Caixin Manufacturing PMI
UK: Friday 07:00 Nationwide House Prices
As ever we look forward to keeping you in the loop and look out for our next update.
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