https://www.bestpricefs.co.uk/app/foreign-exchange/

 

Friday

• GBP/EUR opened at 1.1253, traded a high of 1.1298, a low of 1.1230 and closed at 1.1230 representing a 0.24% fall on the day.
• GBP/USD opened at 1.2688, traded a high of 1.2763, a low of 1.2687 and closed at 1.2732 representing a 0.35%.
• Canadian employment change came in better than expected at 27.7K  vs 5.0K. Unemployment rate came in slightly better than expected at 5.4% vs 5.7%.
• From the US, average hourly earnings m/m came in slighty worse than expected at 0.2% vs 0.3%. Non-farm payrolls also came in worse than expected at 75K vs 177K. Unemployment rate came in as expected at 3.6%.

• GBP/AUD, GBP/NZD and GBP/JPY are currently trading 1.8256, 1.9212 and 138.17, respectively.
• Chinese trade balance came in better than expected at 279B vs 136B.

• The UK have signed a outline free trade agreement (FTA) that seeks to maintain existing trade arrangements post-Brexit. The preliminary agreement marks the first post-Brexit trade deal the UK has secured in Asia.
• Conservative leadership hopeful Boris Johnson has pledged to cut income tax for high earners on over £50,000 pa.
• Work and Pensions Secretary Amber Rudd said she believed Jeremy Hunt should be prime minister.
• GDP from the UK came in at -0.4% vs -0.1% expected and manufacturing production m/m came in at -3.9% vs -1.1% expected.

MAJOR CURRENCY PAIRS
Current at time of distribution

Currency Pair	Interbank Rate	% Change on Day
GBP/EUR	1.1255	+0.22
GBP/USD	1.2718	-0.11
EUR/USD	1.1298	-0.28
AUD/USD	0.6967	-0.43

 

ECONOMIC CALENDAR
Current at time of distribution

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