News

News

Monday 18th June 2018

Good morning

 

While China enjoys a bank holiday today, the Trump regime pushes ahead with trade tariffs on China to the tune of $50Bn worth of their imports.

 

Quite a few conferences and speeches this week but not much data.

Thursday is both Swiss and UK interest rate decisions – both expected to be unchanged for the time being,

 

GBP/USD hit a 2-week low of 1.32 Friday and opens up at 1.3240 this morning.

GBP/EUR on the other hand touched a 2-week high of 1.1470 last week, but is off slightly on the open around 1.1440.

 

There will be a 2 week pause in economic updates with normal service resuming 9th July.

 

Have a great week.

CENTRAL BANK AND LIBOR RATES

UK: 0.50%
US: 1.75%
EU: 0.00%

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