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

Yesterday

• Ten MPs will contest the first round of voting on Thursday in their bid to become leader of the Conservative Party.
  • The MPs in the running are Michael Gove, Matt Hancock, Mark Harper, Jeremy Hunt, Sajid Javid, Boris Johnson, Andrea Leadsom, Esther McVey, Dominic Raab and Rory Stewart.
  • All 10 candidates have vowed to deliver Brexit however they differ on how they say they would achieve it.
• GBP/EUR opened at 1.1240, traded a high of 1.1267, a low of 1.1199 and closed at 1.1210 representing a 0.18% fall on Monday.
• GBP/USD opened at 1.2729, traded a high of 1.2736, a low of 1.2653 and closed at 1.2684 representing a 0.38% fall on the day.
• UK GDP m/m came in worst than expected at -0.4%  vs -0.1% expected.
• UK manufacturing production m/m also came in worse than expected at -3.9% vs -1.1%.
• Scottish First Minister Nicola Sturgeon is to hold talks with European leaders as part of a visit to Brussels.

• GBP/AUD, GBP/NZD and GBP/JPY are currently trading 1.8251, 1.9258 and 137.87, respectively.
• Australian NAB business confidence came in 7 after coming in at 0 last time around.

• At 9.30am we have average earnings index 3m/y from the UK which is expected to come in at 2.9%.
• Then at 1.30pm we expect core PPI m/m and PPI m/m from the US.

 

MAJOR CURRENCY PAIRS
Current at time of distribution

Currency Pair	Interbank Rate	% Change on Day
GBP/EUR	1.1210	+0.01
GBP/USD	1.2696	+0.10
EUR/USD	1.1323	+0.11
AUD/USD	0.6957	+0.01

 

Time (GMT)	Region	Data Release	Forecast	Previous
09:30	GBP	Average Earnings Index 3m/y	2.9%	3.2%
13:30	USD	Core PPI m/m	0.2%	0.1%
13:30	USD	PPI m/m	0.1%	0.2%

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