5th November 2018-Weekend reports that a private Brexit deal had been secured by Prime Minister May and Sterling spiked higher

 

Daily News

 
     

Weekend reports that a private Brexit deal had been secured by Prime Minister May and Sterling spiked higher

Headline US employment data was above consensus forecasts and stronger wages growth reinforced expectations of a December rate hike which underpinned the dollar as it recovered from Thursday’s sharp losses.

Sterling spiked higher at the Asian open on Monday following reports of a private Brexit deal before fading slightly as underlying political uncertainty dominated.

Oil prices declined to fresh 6-month lows as reports of US waivers for individual countries from the ban on importing Iranian crude undermined sentiment.

Global equities retreated with on-going uncertainty surrounding US-China trade policies undermining sentiment.

The UK October PMI construction index increased to 53.2 from 52.1 previously and was above expectations of 52.0. Gains were led by the civil engineering sector while there was a slowdown in new orders growth. Sterling made limited additional gains after the data, although there was persistent GBP/USD selling interest above 1.3000. There was some pressure for a correction after strong gains on Thursday, although sentiment held firm and GBP/EUR hit resistance near 1.1450.

The latest CFTC data recorded a small net increase in speculative short positions, maintaining the potential for short covering if there is a sustained shift in sentiment.

There were weekend reports that a private Brexit deal had been secured by Prime Minister May and Sterling spiked higher at the Asian open, although it failed to hold the gains amid reports that a hard-line stance from Brexit Secretary Raab had undermined negotiations. Markets remained wary over choppy trading surrounding political headlines with GBP/EUR rallying to test 1.1450 while GBP/USD again tested above 1.3000.

     
 
       
 

GBP/EUR 

– 1.1402
 
 

GBP/USD

– 1.3001

 
 

GBP/CHF 

– 1.3057

 
 

GBP/JPY 

– 147.37

 
 

GBP/AUD 

– 1.8085

 
 

GBP/NZD 

– 1.9572

 
 

GBPCAD

– 1.7043

 
 

GBP/ZAR 

– 18.6462

 
 

GBP/NOK 

– 10.8821

 
 

GBP/SEK 

– 11.7779

 
 

EUR/USD 

– 1.1387

 
       
  All rates are indicative of interbank rates*  
       
 
 

GBP/EUR

 
 

GBP/USD 

 
 

EUR/USD 

 
       
 
   

09:30 EUR

UK PMI Services

53.3

53.9

 
   

09:30 EUR

Euro-Zone Sentix Investor Confidence(

10.1

11.4

 
   

15:00 USD

US ISM Non-Manufacturing PMI

59.5

61.6

 
   

23:30 JPY

Household Spending

1.60%

2.80%

 
 
   
 
 
*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.
 
 
 

Sign up to our newsletter

  1. Please tell us your name(*)
    Please use only alpha-numeric characters
    Please use only alpha-numeric characters
  2. Your Email(*)
    Please let us know your email address.
  3. Business / Personal(*)
    Invalid Input
  4. Please tell us a telephone number you can be contacted on(*)
    Please use only numbers and hyphens

Get in touch

CentralFX

3 Lloyds Avenue
London, EC3N 3DS

+44 (0) 20 7265 7979

info@centralfx.co.uk

We trade currency here. You can trade currencies too. Why not try our currency calculator and use our currency chart and currency economic calculator. Currency is everything here.We trade currency here. You can trade currencies too. Why not try our currency calculator and use our currency chart and currency economic calculator. Currency is everything here.We trade currency here. You can trade currencies too. Why not try our currency calculator and use our currency chart and currency economic calculator. Currency is everything here.

.We trade well business here. You can trade business too. Why not try our with business and use our business chart and business economic. business is business here.

We use well business use here. You can trade with great use. Why not use our with use and use our business chart and use economic. business us business use.We use well business use here. You can trade with great use. Why not use our with use and use our business chart and use economic. business us business use.We use well business use here..

Why not trade with our trade and use our trade chart and trade economic.You can trade as we trade too. Why not trade with our trade and use our trade chart and trade economic. trade is trade here.We trade well trade here. You can trade as we trade too. Why not trade with our trade and use our trade chart and trade economic. trade is trade here

.We centralfx well centralfx here. You can centralfx as we centralfx too. Why not trade with centralfx our centralfx and use our centralfx chart and centralfx economic. centralfx is centralfx here.We centralfx well centralfx here. You can centralfx as we centralfx too.