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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
Good morning,
Morning headlines indicate a potential cooling off of house prices in the UK. Nationwide released their data this morning at breakfast showing a contraction of -1.4% on house prices month on month. This is to be expected with the dramatic increase in mortgage rates and the cost of living situation. The forecast is for an overall contraction of -9% over 2023.
That's what's dominating business headlines this morning. That and the stark reality facing many consumers that we're in for difficult times in the coming months. Not many rays of sunshine on any network.
Yesterday saw better than expected inflation for the Eurozone at 10% and better than expected GDP growth for the US at 2.9%. Interestingly neither of these figures had much bearing on Pound rates. It wasn't until the speech by the FED's Chair, Jerome Powell, that things started moving. The Dollar lost ground versus Sterling as Mr Powell indicated interest rates may need to go higher than previously thought in September.
There's another raft of data out today which could affect GBP/EUR and GBP/USD. There is global manufacturing data out throughout the day from the Eurozone, UK and US. There's also jobless claims in the US, a speech by the Governor of the Bank of Japan, Haruhiko Kuroda, and speeches from the ECB. On top of that tomorrow starts relatively spritely with speeches by the Reserve Bank of Australia's Governor, Philip Lowe and ECB Chief, Christine Lagarde.
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Today’s Economic Calendar
EUR: 09:00 S&P Global Manufacturing PMI
UK: 09:30 S&P Global Manufacturing PMI
US: 13:30 Initial Jobless Claims
JPN: 13:30 BOJ's Haruhiko Kuroda Speech
US: 14:30 FED's Michelle Bowman Speech
US: 15:00 S&P Global Manufacturing PMI
EUR: 16:45 ECB's Philip Lane Speech
EUR: 17:30 ECB's Frank Elderson Speech
AUS: Friday 02:00 RBA's Philip Lowe Speech
EUR: Friday 02:40 ECB's Christine Lagarde Speech
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As ever we look forward to keeping you in the loop and look out for our next update.
Our friendly currency experts are here to assist you and guide you through the markets, we offer a first-class service and even an online platform so you can monitor your transaction in real time.
Our business ethos is based on bank beating rates and fantastic customer service, click the link below for a no obligation quotation and see the savings for yourself.
As ever we look forward to keeping you in the loop and look out for our next update.
Our friendly currency experts are here to assist you and guide you through the markets, we offer a first-class service and even an online platform so you can monitor your transaction in real time.
Our business ethos is based on bank beating rates and fantastic customer service, click the link below for a no obligation quotation and see the savings for yourself.
