Today could be the day to get currency exchanges completed - Market Insight 9th August 2023

August 9, 2023
Today could be the day to get currency exchanges completed - Market Insight 9th August 2023

There's not a lot of scheduled news for today. This means the status quo seen in the likes of GBP/EUR and GBP/USD could remain today.....until tomorrow. Tomorrow sees the start of a barrage of information which could potentially bash rates around. There's US inflation numbers and UK preliminary GDP numbers out. The latter is borderline quarter on quarter negative.

In fact that's what's dominating business news today. Analysts are suggesting the UK is suffering from an almost perfect storm....Brexit, Covid and the Ukraine Conflict. GDP isn't expected to get to 2019 levels until at least 2024 in the UK.

Today there's nothing to get our teeth into until the Royal Institute of Chartered Surveyors releases it's house price balance first thing tomorrow.

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Economic calendar

UK: Thursday 00:01 RICS House Price Balance

As ever we look forward to keeping you in the loop and look out for our next update.
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