Tue, October 30, 2018
Sterling is drifting lower against the U.S. Dollar but remains steady against the Euro after markets opted to delay until after Brexit.
Phillip Hammond announced to Parliament that U.K. economic growth forecasts for 2019, reports that wage growth should be expected over the coming five years; this is a good indication for Sterling long-term.
The UK economy isn't that bad, and the reduced Brexit uncertainty could be a powerful boost for sterling in 2019.
We don't see the budget playing a large part in Sterling's movements yesterday and coming days and expect Brexit headlines and external currency dynamics to remain in charge.
The Pound fell to $1.27586 this morning against the dollar. Sterling remained unchanged against the Euro at €1.122.
Data to look out today.
10:00 EUR GDP (YOY)
13:00 EUR German Consumer Price.
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| Day | Time | Currency | Event |
|---|---|---|---|
| TUE | 08:55 | EUR | EUR German Unemployment Change (000's) (OCT) | TUE | 08:55 | EUR | EUR German Unemployment Claims Rate s.a. (OCT) | TUE | 09:00 | EUR | EUR Italian Gross Domestic Product w.d.a. (QoQ) (3Q P) | TUE | 09:00 | EUR | EUR Italian Gross Domestic Product w.d.a. (YoY) (3Q P) | TUE | 10:00 | EUR | EUR Euro-Zone Economic Confidence (OCT) | TUE | 10:00 | EUR | EUR Euro-Zone Industrial Confidence (OCT) | TUE | 10:00 | EUR | EUR Euro-Zone Gross Domestic Product s.a. (QoQ) (3Q A) | TUE | 10:00 | EUR | EUR Euro-Zone Gross Domestic Product s.a. (YoY) (3Q A) | TUE | 10:00 | EUR | EUR Euro-Zone Consumer Confidence (OCT F) | TUE | 11:00 | GBP | GBP CBI Reported Sales (OCT) | TUE | 11:00 | GBP | GBP CBI Total Dist. Reported Sales (OCT) | TUE | 13:00 | EUR | EUR German Consumer Price Index (MoM) (OCT P) | TUE | 13:00 | EUR | EUR German Consumer Price Index (YoY) (OCT P)) | TUE | 13:00 | USD | USD S&P CoreLogic CS 20-City (MoM) SA (AUG) | TUE | 13:00 | USD | USD S&P/Case-Shiller Composite-20 (YoY) (AUG) | TUE | 13:00 | USD | USD S&P/Case-Shiller 20-City Index n.s.a (AUG) | TUE | 13:00 | USD | USD S&P/Case-Shiller US Home Price Index (AUG) | TUE | 13:00 | USD | USD S&P/Case-Shiller US Home Price Index (YoY) (AUG) | TUE | 13:30 | EUR | EUR ECB's Praet Speaks in Frankfurt | TUE | 14:00 | USD | USD Consumer Confidence Index (OCT) | TUE | 14:00 | USD | USD Consumer Confidence Index (OCT) | TUE | 14:00 | USD | USD Conf. Board Expectations (OCT) | TUE | 14:10 | EUR | EUR ECB's Lautenschlaeger Speaks in Bahamas | TUE | 15:30 | USD | USD U.S. to Sell 4-Week Bills | TUE | 15:30 | USD | USD U.S. to Sell 8-Week Bills |
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*These are indicative rates only, based on interbank prices at the time of writing. For exact rates please contact our dealing team
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