Previous Day's Market Highlights
Against the euro, the pound reversed Tuesday’s losses, regaining 1.1300 but continuing to meet resistance around 1.1400. Euro-dollar rallied further, breaking 1.1400 in overnight trading, a new one-year high.
Sterling-Aussie temporarily regained 1.7000 for the first time since the election, before retracing lower. Sterling also hit its highest levels against the kiwi since the election, but remains relatively unchanged against a stronger Canadian dollar.
|Currency Pairing||08:00 Today||Vs 08:00 Yesterday||Four-Week High||Four-Week Low||% Change|
|GBP / EUR||1.1367||1.1572||1.1261||2.69%|
|GBP / USD||1.2967||1.2978||1.2589||2.30%|
|EUR / USD||1.1406||1.1420||1.1119||2.64%|
|GBP / NZD||1.7746||1.8273||1.7338||5.12%|
|GBP / CAD||1.6890||1.7536||1.6721||4.64%|
Today's Market Highlights
Sterling will continue to be in focus today as it hovers just below 1.3000 against the dollar. UK releases include Net Lending to Individuals and Consumer Credit (09:30 BST).
Markets will also keep an eye on the final round of voting on the Queen’s Speech; yesterday’s proposed amendment was defeated. Losing votes would indicate the government doesn’t have the House of Commons’ confidence.
US releases of note include final Q1 GDP and quarterly Core Personal Consumption Expenditures (13:30 BST). Final GDP may have limited impact barring any significant revision in either direction.
Today's Economic Calendar
|09:30||GBP||Net Lending to Individuals MoM (May)||£4.0B||£4.3B|
|09:30||GBP||Consumer Credit (May)||£1.400B||£1.525B|
|10:00||EUR||Eurozone Consumer Confidence (Jun)||-1.3||-1.3|
|10:00||EUR||Eurozone Economic Sentiment Indicator (Jun)||109.5||109.2|
|13:00||EUR||Preliminary German Consumer Price Index YoY (Jun)||1.4%||1.5%|
|13:30||USD||Initial Jobless Claims (Jun 23)||240K||241K|
|13:30||USD||Final GDP (Q1)||1.2%||1.2%|
|13:30||USD||Core Personal Consumption Expenditures QoQ (Q1)||2.1%||2.1%|
|18:00||USD||Fed's Bullard Speaks|
|00:01||GBP||Gfk Consumer Confidence (Jun)||-7||-5|