EUR Gains Against USD, GBP

Euro-dollar regained 1.1800 yesterday as the dollar was sold off and the euro saw a bid tone. Sterling-dollar briefly regained 1.2900 while sterling-euro fell back from around 1.0975 to inch ever closer towards 1.0900.

Previous Day's Market Highlights

Euro-dollar regained 1.1800 yesterday as the dollar was sold off and the euro saw a bid tone. Sterling-dollar briefly regained 1.2900 while sterling-euro fell back from around 1.0975 to inch ever closer towards 1.0900.  
 
The dollar has come under pressure recently as traders have become less confident in President Trump’s ability to pass key tax and infrastructure measures. In a speech last night, Trump recommitted the US to the conflict in Afghanistan. 

Currency Pairing 08:00 Today Vs 08:00 Yesterday Four-Week High Four-Week Low % Change
GBP / EUR 1.0919 1.1248 1.0911 3.00%
GBP / USD 1.2874 1.3272 1.2832 3.32%
EUR / USD 1.1791 1.1912 1.1612 2.52%
GBP/AUD 1.6213 1.6743 1.6187 3.32%
GBP / NZD 1.7598 1.7929 1.7398 2.96%
GBP / CAD 1.6169 1.6727 1.6134 3.55%

Today's Market Highlights

UK Public Sector Net Borrowing (09:30 BST) is projected to have been lower in July. A deficit may weigh on the pound.
 
Economic Sentiment in both Germany and the Eurozone overall is forecast to have fallen in August (10:00 BST). This could weigh on the euro, but a notable change in the index would likely be needed for significant euro movement.
 
Subdued Canadian Retail Sales may weigh on the loonie this afternoon (13:30 BST).  
 
Attention this week continues to be primarily on the upcoming central banker symposium at Jackson Hole, where comments from ECB President Draghi and Fed Chair Yellen will be closely watched. 

Today's Economic Calendar

Time Currency Release Consensus Previous
09:30 GBP Public Sector Net Borrowing (Jul) £0.400B £6.278B
10:00 EUR German ZEW Economic Sentiment (Aug) 15.0 17.5
10:00 EUR Eurozone ZEW Economic Sentiment (Aug) 34.2 35.6
13:30 CAD Retail Sales MoM (Jun) 0.3% 0.6%
13:30 CAD Core Retail Sales MoM (Jun) 0.0% -0.1%
14:00 USD Housing Price Index MoM (Jun) 0.4% 0.4%
15:00 USD Richmond Fed Manufacturing Index (Aug) 12 14