Currency Bid Ask % High Low Open UK Time
GBPEUR 1.1089 1.1094 0.16 1.1107 1.1068 1.1074 21:43:08
GBPUSD 1.2465 1.2466 0.02 1.2530 1.2455 1.2464 21:43:08
EURUSD 1.1239 1.1240 -0.10 1.1303 1.1222 1.1251 21:43:08
EURGBP 0.9015 0.9017 -0.10 0.9032 0.9001 0.9026 21:43:08
GBPAED 4.5781 4.5806 0.05 4.6010 4.5748 4.5772 21:43:08
GBPAUD 1.8000 1.8002 -0.10 1.8091 1.7990 1.8036 21:43:08
GBPNZD 1.9141 1.9146 -0.50 1.9251 1.9121 1.9242 21:43:08
GBPCAD 1.6918 1.6922 -0.10 1.7026 1.6906 1.6944 21:43:08
GBPNOK 11.880 11.885 0.20 11.927 11.800 11.858 21:43:08
GBPCHF 1.1783 1.1784 -0.00 1.1825 1.1774 1.1788 21:43:08
GBPDKK 8.2643 8.2660 0.13 8.2762 8.2475 8.2544 21:43:08
GBPJPY 133.98 134.00 0.13 134.70 133.76 133.82 21:43:08
GBPHKD 9.6590 9.6640 0.04 9.7080 9.6520 9.6580 21:43:08
EURAED 4.1279 4.1304 -0.00 4.1499 4.1219 4.1315 21:43:08
EURAUD 1.6228 1.6232 -0.30 1.6306 1.6213 1.6280 21:43:08
EURJPY 120.80 120.87 0.04 121.44 120.72 120.79 21:43:08
EURDKK 7.4517 7.4521 0.00 7.4528 7.4494 7.4517 21:43:08
EURHKD 8.7103 8.7115 -0.10 8.7593 8.6977 8.7198 21:43:08
EURNOK 10.712 10.715 0.07 10.747 10.642 10.706 21:43:08
USDGBP 0.8022 0.8022 -0.00 0.8028 0.7981 0.8023 21:43:08
USDAED 3.6726 3.6734 0.01 3.6730 3.6719 3.6728 21:43:08
USDEUR 0.8895 0.8900 0.15 0.8907 0.8845 0.8885 21:43:08

Thursday 2nd July 2020

IFX market report

The pound gained a cent on the US dollar yesterday and made up marginal ground on the euro, as encouraging data Stateside stilted safe-haven demand and a usually innocuous UK Manufacturing survey offered some encouragement.
The Purchasing Managers Index survey for June came in at 50.1, in line with a forecast from economists and up from 40.7 in May. Significantly, the move above the 50 mark shows growth for the first time since February.
Ever-present Brexit concerns continue to anchor sterling.
There is no economic data due for release today.
GBPUSD opened at 1.2391, closing at a day high of 1.2488
GBPEUR opened at 1.1032, closing at a high of 1.1084
The US dollar softened yesterday after manufacturing activity rebounded more than expected in June, with the activity index by the Institute for Supply Management hitting its highest in 14 months, as firms and businesses resumed operations. Whilst good news for the US economy, risk appetite increasing as a result and dampened demand for the safe-haven dollar.
More keenly anticipated employment reports from the government later today, ahead of a US public holiday tomorrow, are forecast to show an increase of 3 million non-farm payrolls in June.
Meanwhile, California dramatically reversed efforts to reopen its economy on Wednesday, once again banning indoor restaurant dining in much of the state, closing bars and ramping up enforcement of social distancing and associated measures.
Following the trend, France and Germany yesterday posted data pointing to a recovery in manufacturing activity. Against a softer US dollar, the single currency made a 0.3% gain, but slipped versus the pound.
This morning’s Spanish unemployment claims data was expected to drop by 113k, but has disappointingly revealed another 5k out of work.
EURUSD opened at 1.1232, closing at 1.1266