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

Yesterday

• Sterling lost some ground on the euro yesterday. Having opened at 1.1582, GBP/EUR traded a high of 1.1599, a low of 1.1559 and closed down 0.05% at 1.1561.
• The US dollar lost some gains on sterling after GBP/USD closed higher by 0.17% on Monday. The market opened at 1.2920, traded a high of 1.2947 and a low of 1.2905 before closing at 1.2932.
• From the US core PCE price index m/m came in weaker than expected at 0.0% vs 0.1%. Personal spending m/m came in better than expected at 0.9% vs 0.7%.
• Trump advisor Kudlow says FOMC talk on lower inflation target “could mean a lower interest rate adjustment”.
• UK Lloyds business barometer for April improves for a 2nd month from 10 to 14.
• GfK April Consumer confidence remains at -13 for 3rd consecutive month.

• Chinese manufacturing PMI came in weaker than expected at 50.1 vs 50.7, non-manufacturing PMI also came in weaker at 54.3 vs 55.0.
• Caixan manufacturing PMI produced a figure of 50.2 vs 51.0 expected.
• From New Zealand ANZ business confidence came in at -37.5.
• GBP/AUD, GBP/NZD and GBP/JPY are trading 1.8388, 1.9431 and 144.24, respectively.

• The US and China are due to begin a fresh round of talks in Beijing today in an attempt to find a solution to their damaging trade dispute. US treasury secretary Mnuchin said the talks with China could be over as early as the end of next week.
• We have GDP data from Canada at 1.30pm.
• At 2.45pm Chicago PMI is released and followed by CB consumer confidence at 3pm.

MAJOR CURRENCY PAIRS
Current at time of distribution

Currency Pair	Interbank Rate	% Change on Day
GBP/EUR	1.1579	+0.16
GBP/USD	1.2959	+0.21
EUR/USD	1.1189	+0.04
AUD/USD	0.7044	-0.16

 

 

Time (GMT)	Region	Data Release	Forecast	Previous
10:00	EUR	Prelim Flash GDP q/q	0.3%	0.2%
13:30	CAD	GDP m/m		0.3%
13:30	CAD	RMPI m/m		4.6%
13:30	USD	Employment Cost Index q/q	0.7%	0.7%
14:45	USD	Chicago PMI	59.1	58.7
15:00	USD	CB Consumer Confidence	126.2	124.1

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