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July 8th Market Updates

GBP/EUR continues to trade near recent lows after opening at 1.1144, trading a high 1.1163, a low of 1.1131 and closing at 1.1138 representing a fall of 0.02% on Friday.
GBP/USD fell by 0.41% on Friday. The market opened at 1.2575, traded a high of 1.2587, a low of 1.2411 and closed at 1.2523.
Non-farm payrolls came in at 224K vs 162K expected. The US unemployment rate came in at 3.7% vs 3.6% expected and average hourly earnings m/m came in weaker than expected at 0.2% vs 0.3%.
Canadian employment change was weaker than expected at -2.2K vs 10.0K. The unemployment rate came in as anticipated at 5.5%.
UK ambassador to the US Sir Kim Darroch said in leaked emails that Donald Trump’s administration is “uniquely dysfunctional” and “divided”.
Donald Trump then criticised Sir Darroch said that ‘the ambassador has not served the UK well’.
Boris Johnson has claimed that he will make the UK ‘match fit’ for a no-deal Brexit.
The civil servant who was head of the Brexit department until March has said that a no-deal Brexit is ‘fraught with risk’.

Overnight

GBP/AUD, GBP/NZD and GBP/JPY are currently trading 1.7936, 1.8861 and 135.88, respectively.

Today

MAJOR CURRENCY PAIRS
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ECONOMIC CALENDAR
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No economic data due to be released.