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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
UK inflation came in at 3.9% against an anticipated 4.4%.
This caused an immediate softening in Sterling rates as the pressure drops on the Bank of England to hike the base rate further.
The interesting tightrope for the Bank of England kicks in even further now. Hold or lower the base rate. The risk on the table is a move past the target of 2% inflation and even possible deflation.
It will be an interesting January.
The rest of the day is Dollar related news. US consumer confidence is the main headline just after lunch.
From a UK perspective eyes will be on the public sector net borrowing figure at breakfast tomorrow to see if the Pound can get any form of strength in the next 24 hours.
As expected business news centres on the surprise inflation figure with the reasons being cited as recent drops in fuel and food prices.
US: 15:00 Consumer Confidence
EUR: 15:00 Consumer Confidence
UK: Thursday 07:00 Public Sector Net Borrowing
As ever we look forward to keeping you in the loop and look out for our next update.
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