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US CB Consumer Confidence


Good morning,

GBP/EUR traded in a tight range yesterday as the pair sat between 1.1820-1.1892, the pair started the week by rising to the high of the day following expectations on the UK Interest Rate decision at the end of the week. It was stated that Thursday decision is literally a flip of a coin however Markets reckon there is a 60% chance of a cut however there are a number of people within that were less convinced. Today sees a quiet day of data for the UK and all eyes will be firmly on Thursday IR and the official leave date from the EU on Friday, this mornings GBP/EUR rate is 1.1816.

GBP/USD looked like it was going to make good headway in the morning session following GBP strength, the pair rose to the high of the day which was 1.3110 at 9am. Cable took a dip from 10am as prices depreciated to the low of the day which was 1.3030. The US will release CB Consumer Confidence today at 3pm and this morning has already seen the pair slip to 1.3010.

EUR/USD ranged 1.1015-1.1035 in what was a flat day for the pair, Europe released negative figures on their German Ifo Business Climate in the morning session. The economic Calendar is quiet for Europe today therefore eyes will firmly be on the U.S data release this afternoon. We open Tuesdays session at 1.1013 and can the pair keep its head in the 1.10 area.

Fact of the day

Upon his death in 2008, just 20 days shy of his 90th birthday, the inventor of the Pringles can, Fredric J.Baur, was cremated. In keeping with his wishes, hisfamily placed some of his ashes in a Pringles can.

Image result for Fredric Baur invented the Pringles can, when he passed away in 2008 his ashes were buried in one:


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Average Earnings Index 3m/y


Good morning,

GBP/EUR opened the week on a positive, the pair pushed out of the high 1.1600's into the 1.1700 area as GBP strengthened. The pair moved from 1.1689 whihc was the low of the day to 1.1728 in the morning session. Yesterdays economic calendar was quiet but Brexit talks and speculation over the BOE cutting interest rates seems to be the driver of GBP. GBP/EUR hit the high of the day of 1.1735 around 2pm and we have opened at that price this morning. UK Chancellor as sparked brexit talks by commenting that the UK will take its on footsteps over trading regulations and rules following Brexit.

GBP/USD sat in a 35 pip range yesterday as no major movements were recorded, it was Martin Luther King day therefore a bank holiday in the U.S which results in no economic data released. Cable sat between 1.2970-1.3005. The pair opens Tuesday session at 1.3015 with no major data releases for America.

EUR/USD's was also stuck in a tight range as the pair trading between 1.1075-1.1095 in what was a dull day for the pair. Christine Lagarde the new ECB president will stamp her first strategic review for twenty years following this weeks meetings. EUR/USD begins Tuesday trading at 1.1090.

Fact of the day

To celebrate selling it’s one billionth song sold, Steve Jobs personally called the customer to inform him he’d won 20″ iMac, 10 fifth generation iPods, and a $10,000 iTunes gift card.

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ISM Non-Manufacturing PMI


Good morning,

GBP/EUR had a quiet day in terms of market movements, there was lack of data for both the UK and Europe therefore the price range was between 1.1730-1.1770. We have opened this mornings trading at 1.1807 with no high impact pieces of data from the UK and CPI Flash Estimate y/y due to be released at 10:00am from Europe. The Brexit debate will continue today which could cause volatility in the market, the official departure date is the 31st January 2020.

GBP/USD moved from the low of 1.3066 to 1.3179 in yesterday session, the economic calendar was quiet and cable movements could be affected by global events. The pair has opened this morning session by pushing through 1.3200 ans The U.S will release ISM Non-Manufacturing this afternoon which is noted as a high impact piece of data.

There was little to talk about in terms of EUR/USD, the pairs trading range in Mondays session was between 1.1175-1.1205. Europe released positive data on Final Services PMI yesterday morning however the figures had little effect on any market movements. We open this morning at 1.1185.

Fact of the day

A newborn Chinese water deer is so small that you can hold it in your hands but when it grows up, it sprouts fangs and looks like a vampire deer.

Image result for A newborn Chinese water deer is so small that you can hold it in your hands but when it grows up, it sprouts fangs and looks like a vampire deer."


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Italian Bank Holiday


Good morning,

GBP/EUR opened 2020 in the 1.1700 area, there was no major data releases on Friday and today sees a quiet day in terms of the economic calendar, we open this morning at 1.1707 which is down from Fridays rate of 1.1760. We have light data due out from Europe in the form of Services PMI for Spain, Italy, and Germany however these data releases do not have a major effect on the Euro.

GBP/USD enjoyed some positive movements before the festive period as the pair hit new highs of 1.3300+, like GBP/EUR the rate has declined respectively and we open this weeks trading at 1.3071. again there is a light day of data for both the UK and the U.S which could result in a flat day of market movements. Tomorrow brings ISM Non-Manufacturing PMI which has a high impact status therefore movements may occur in Tuesdays session.

EUR/USD stuck around the 1.1100 region over the festive period and the pair has managed to keep its ground as we open at 1.1166. EUR/USD had a tough year breaching new lows in 2019 so hopefully 2020 will bring a better year for the currency pairs.

Fact of the day

In the movie The Godfather, the reason the word ‘mafia is not mentioned a single time is because mafia boss Joe Colombo, along with Frank Sinatra, threatened the films production and would only back the filming if they could change the script to their liking.

Image result for In the movie The Godfather, the reason the word ‘mafia’ is not mentioned a single time is because mafia boss Joe Colombo, along with Frank Sinatra, threatened the films production and would only back the filming if they could change the script to their liking."

Have a great week and welcome to 2020!




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