GBPEUR is continuing to apply upward pressure with price rallying towards 1.1350 again, a level last seen on 12th May 2020.
GBPUSD is still range bound, bouncing between 1.3650 and 1.3750. The dollar was able to gain just over a cent against the pound yesterday.
EURUSD is holding just above 1.20 but the pair is now down 2.4% since Jan 6th, 2021.
- Eurozone GDP figures will be released at 10am GMT
- Quarter on quarter expectations is to see a drop from 12.5% to -1.2%
- Year on year it is expected to be around the -5.4% mark
- New Zealand employment and unemployment rates will be released at 21:45 GMT Those without work is expected to increase by 0.3%
For those clients trading in AUD$, the RBA announced over night that they do not expect their cash rate to rise until at least 2024. They will continue with their current QE program and purchase another 100bn AUD$ beginning in mid-April. This resulted in a weaker dollar across the board, despite the predictable outcome.
Have a great 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.
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