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18th June Market Updates

GBP/EUR traded its lowest rate since January yesterday. It opened at 1.1229, traded a high of 1.1242, a low of 1.1168 and closed down -0.32% at 1.1168.
GBP/USD also traded its lowest rate since January having opened at 1.2575, traded a high of 1.2606, a low of 1.2531 and closed at 1.2534 representing a loss on the day of 0.44%.
Conservative leadership candidates have urged Donald Trump not to interfere in UK affairs amid a row over his latest criticism of London Mayor Sadiq Khan. (BBC News)
Financial services minister John Glen said the UK government is committed to doing everything it can to keep in financial sector globally competitive after Brexit.

Overnight

Australian HPI q/q came in weaker than expected at -3.0% vs -2.5%.
GBP/AUD, GBP/NZD and GBP/JPY are currently trading 1.8306, 1.9241 and 135.63, respectively.

Today

At 10am we will see the release of German ZEW sentiment.
At 1.30pm we look to the US and Canada for building permits and manufacturing sales m/m, respectively.
UK Bank of England governor Mark Carney is due to speak at 3pm.
Tory leadership hopefuls will face a second round of votes today. Any candidates facing less than 33 votes will be eliminated. Those remaining after the round will take part in a live debate this evening.

MAJOR CURRENCY PAIRS
Current at time of distribution

ECONOMIC CALENDAR
Current at time of distribution

Time (GMT)	Region	Data Release	Forecast	Previous
10:00	EUR	German ZEW Economic Sentiment	-5.7	-2.1
13:30	CAD	Manufacturing Sales m/m	0.6%	2.1%
13:30	USD	Building Permits	1.30m	1.29m