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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
Data out this morning from the UK looks promising. The unemployment rate came in at the expected 4.3%. However the headline was the average earnings which has leapt to 7.8% growth. This is a figure slightly ahead of the UK inflation.
There was an initial jump for the Pound, but the gains were quickly given back. GBP/EUR and GBP/USD remain locked in the sideways trading pattern.
For the Pound it's a quiet day for scheduled news, although there is Eurozone news scheduled later this morning being the Zentrum für Europäische Wirtschaftsforschung (ZEW) economic sentiment for Germany and the wider Eurozone.
However the real moves could come at breakfast tomorrow in the UK. There's month on month GDP numbers out, industrial and manufacturing production, and the trade balance out, so could be a volatile start for the Pound tomorrow.
GER: 10:00 ZEW Survey
EUR: 10:00 ZEW Survey
UK: Wednesday 07:00 GDP Numbers
UK: Wednesday 07:00 Manufacturing and Industrial Production
UK: Wednesday 07:00 Trade Balance
As ever we look forward to keeping you in the loop and look out for our next update.
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