8th August 2017-Sterling sentiment remained fragile with the trade-weighted index at 5-month lows

 

     

Sterling sentiment remained fragile with the trade-weighted index at 5-month lows

Narrow ranges dominated on Monday with a lack of fresh influences and the traditional lack of activity on Monday trading following the monthly US employment report. The dollar as unable to extend the recovery seen on Friday.

There was a lack of liquidity with peak holiday conditions in the US and Europe with markets wary of erratic price action.

There was a slightly more fragile tone surrounding risk appetite following slower than expected growth for Chinese imports and exports growth, although overall ranges were still contained.

The Halifax house-price index recorded a 0.4% increase for July following a 0.9% decline the previous month, although the annual increase in the 3 months to July slowed to 2.0% from 2.6% and was the lowest reading since April 2013.

Overall, Sterling sentiment remained fragile with the trade-weighted index at 5-month lows, although GBP/USD did hold above the 1.3000 level.

The BRC reported 0.9% annual growth in like-for-like UK retail sales, maintaining expectations of subdued spending.  GBP/EUR continued to test support above the 1.1030 area.

     
 
       
 

GBP/EUR 

– 1.1047

 
 

GBP/USD 

– 1.3039

 
 

GBP/CHF 

– 1.2686

 
 

GBP/JPY 

– 144.23

 
 

GBP/AUD 

– 1.6459

 
 

GBP/NZD 

– 1.7723

 
 

GBP/CAD 

– 1.6514

 
 

GBP/ZAR 

– 17.2742

 
 

GBP/NOK 

– 10.3191

 
 

GBP/SEK 

– 10.6138

 
 

EUR/USD 

– 1.1802

 
       
  All rates are indicative of interbank rates*  
       
 
 

GBP/EUR 

 
 

GBP/USD 

 
 

EUR/USD 

 
       
 
   

06:45 CHF

Swiss Unemployment Rate

3.20%

3.20%

 
   

07:00 EUR

German Trade Balance

21.0B

20.3B

 
   

13:15 CAD

Canadian Housing Starts

205.0K

212.7K

 
   

15:00 USD

US JOLTs Job Openings

-

5.666M

 
 
   
 
 
*All rates shown are indicative of interbank rates and should only be used for indication purposes only. It is important to note that foreign exchange rates fluctuate and that rates may vary depending on the amount and the base currency that is purchased or sold. Rates are correct as of 8:00am UK time.  CentralFX are not responsible for the rates shown.
 
 
 

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