Sterling sits like sitting duck
9th August 2019 Market Update
Get a snapshot of the day's most important market events and currency movements sent straight to your inbox every morning. Sign up to our Daily Market Report.
?? GBP - With very little data from yesterday, sterling moves were muted, the trading range seen throughout the course of the week has remained.
Today could bring about some much-needed volatility for the pound with the release of Q2 economic growth estimates for the UK; forecasted to show that growth in the quarter being stagnant at 0%. Industrial and manufacturing production figures are also due at 9.30am
?? EUR - No Data from the eurozone yesterday and little to none today.
?? USD - There is no data out from the US yesterday and little today, with the only likes of core PPI m/m marked down as amber data. With all eyes set on Trump's trade wars with China, this will have little impact on the rates.
GBP: 2nd quarter growth in focus
EUR: Euro moves still subdued
USD: US-China trade wars still the focus
Find out more about our Money Transfer service for personal & business international payments. We're committed to giving all clients the best rate possible, along with flexible and personalised service. Save time and money by reducing risk through a simple and efficient service.