Previous Day's Market Highlights
The pound picked up as the week kicked off, correcting some of last week’s losses as attention shifts back to Brexit ahead of the next round of negotiations later this week. Optimism that negotiations may soon shift to trade deals supported the pound. However, Brexit uncertainty remains a downside risk.
Brent hit a new two-year high above $64 a barrel, following the arrest of princes and officials in Saudi Arabia over the weekend.
The RBA left interest rates on hold at 1.5% as was widely expected. The Aussie dollar briefly strengthened.
|Currency Pairing||08:00 Today||Vs 08:00 Yesterday||Four-Week High||Four-Week Low||% Change|
|GBP / EUR||1.1347||1.1451||1.1069||3.34%|
|GBP / USD||1.3149||1.3339||1.3039||2.25%|
|EUR / USD||1.1588||1.1880||1.1574||2.58%|
|GBP / NZD||1.8991||1.9433||1.8367||5.49%|
|GBP / CAD||1.6743||1.7171||1.6362||4.71%|
Today's Market Highlights
ECB President Draghi gave the opening remarks at the ECB Forum on Banking Supervision (from 09:00 GMT), and Eurozone Retail Sales (10:00 GMT) may have limited impact on the euro barring any surprises.
In the afternoon, New Zealand dollar traders will keep an eye on the Global Dairy Trade Price Index. BoC Governor Poloz speaks on understanding inflation (17:55 GMT), and his speech will be followed by a press conference. Fed Chair Yellen will give an acceptance speech at the presentation of the Paul H Douglas Award for Ethics in Government (19:30 GMT).
Overnight, China releases trade data, which will have wider implications, including for trading partner Australia and the Australian dollar.
Today's Economic Calendar
|10:00||EUR||Retail Sales MoM (Sep)||0.6%||-0.5%|
|10:00||EUR||Retail Sales YoY (Sep)||2.7%||1.2%|
|NZD||Global Dairy Trade Price Index||-1%|
|15:00||USD||JOLTS Job Openings (Sep)||6.091M||6.082M|
|17:55||CAD||BoC Governor Poloz Speaks|
|19:30||USD||Fed Chair Yellen Speaks|
|02:00||CNY||Trade Balance CNY (Oct)||275B||193B|