Teresa May gives the pound some certainty

UK News

Finally there is some signs up good news for the pound as Theresa May looks as if she is going to be the new Prime Minister in the UK. With this said, the pound has rallied acorss the board over night against both the euro and the US Dollar. Today’s releases come with high significance to the markets as we see the Publishment Record of FPC meeting and following this Govenor Mark Carney speaks about the financial stability in parliament. Carney is set to be answering questions regarding the financial stability although no doubt will he be asked questions on potential monetary policy measures, which you would expect him to ignore.

US News

US Fed speakers continue today. Yesterday the Fed’s George warned about keeping interest rates too low in the US.

EU News

A Quiet day in the Eurozone with very little to talk about.

Morning Market Rates

GBPEUR  1.1810
GBPUSD  1.3125
EURUSD  1.1110

Compare todays best Euro rates by visiting www.holidaycurrencyexchange.com