+
For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
.png){kind=logo}
For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
Good morning,
What a 24 hours. First GBP/EUR fell off a cliff yesterday on the back of poor public sector net borrowing and rhetoric from the ECB. However those losses have largely been gained back this morning with the UK inflation numbers. Analysts were expecting inflation to be coming under control and dropping compared to the previous month. However it was the exact opposite. Instead of 9.8% year on year it came in at 10.4%. This goes against the view provided by the Chancellor in the budget. It also means an interest hike of 25 points to 4.25% by the Bank of England tomorrow could be nailed on. What will be interesting is the BoE's reply to the global banking situation. That must be putting a potential brake on hiking rates further. A definite tug of war. The inflation hike was put down to shortages in fresh food such as tomatoes.
There could well be a bead on this later. The Federal Reserve in the US releases it's interest rate decision at early tea time later. Analysts are expecting a 0.25% hike to 5%. It's anticipated to be the hot ticket in town at 6pm UK time. In the US there really is a pull in both directions with inflation on one side and failing banks on the other.
At the same time as the rate decision there's also the FED's monetary policy statement and federal open market committee press conference.
Around the scheduled news there's a couple of speeches from the ECB before an EU leaders summit throughout tomorrow.
CLICK HERE FOR YOUR FREE QUOTE
Today’s Economic Calendar
EUR: 08:55 ECB's President Speech
EUR: 09:30 ECB's Philip Lane Speech
EUR: 13:45 ECB's Fabio Panetta Speech
US: 18:00 FED's Interest Rate Decision
US: 18:00 FED's Monetary Policy Statement
US: 18:30 FOMC Press Conference
EUR: Thursday EU Leaders Summit
CLICK HERE FOR YOUR FREE QUOTE
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.
