+
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.
Breakfast saw a drop in UK unemployment to 4.2% which is way below the expected 4.5%.
On top of that average earnings grew by 5.4% which was also well ahead of predictions.
This caused an immediate bump in Sterling rates first thing. The rest of the day will see if that bump consolidates.
Whether it holds or not breakfast tomorrow could well see the Pound shift again anyway.
The UK inflation number is being reported where an annualised growth reading of 2.3% is expected.
Definitely a case of "watch this space".
Outside of this GBP/USD could be affected after lunch with the US Producer Price Index number being released.
Business news covers the unemployment story with a little more meat on the bone suggesting the figures aren't quite as rosy as first glance. The Chancellor, Rachel Reeves, has suggested more needs to be done by Government to get people into work.
US: 13:30 PPI Report
UK: Wednesday 07:00 Inflation Number
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.
