GBPNZD has lost 0.5% value overnight with price dropping to 1.8704. EURNZD and GBPAUD also dropped 0.35%. This is a reflection of risk trading, with the SEK, DKK, NZD, AUD, CHF all strengthening over the past few hours. GBPUSD remains steady at 1.3643 as does GBPEUR at 1.1064. Bank forecasts for GBPEUR in 2021 are relatively uninspiring with 1.11 being the current median price.
There are four pieces of high impact news today:
- German inflation 1pm
- US ADP employment change 1.15pm
- Bank of England Governor [Andrew Bailey] speech at 2pm
- FOMC minutes at 7pm
The senate run-off elections in the US have triggered a global sell off in stocks, and have sent bond yields higher. A democratic sweep would arm the new president with powers to run additional stimulus, in particular the coronavirus response package. This may create some erratic dollar trading conditions this week.
Have a good day.
Alistair Hutson, Senior Relationship Manager.
Whilst every effort is made to ensure the information published here is accurate, you should confirm the latest exchange rates with WorldFirst prior to making a decision. The information published is general in nature only and does not consider your personal objectives, financial situation or particular needs. Full disclaimer available here.
|Speak with our friendly staff to see how you can receive the best rates on your investments|
|Contact us via phone, email, or live chat|