A whole swathe of data set for release today, but it’s the UK where most focus is centred.

Currencies remained rather flat, despite some peaks and troughs in between. The EUR/USD opened at $1.15509, lifted slightly and then fell to lows of $1.15255 a short time later. The pair then managed to rally to a high of $1.16001. It was not up to hold onto that high but traded in the high $1.15 region for a few hours. It dipped in late trading and is currently at $1.15647. The GBP/USD opened at $1.31098 and reached an early high of $1.31190. It stayed close to those highs for a few hours before weakening in mid-to-late-session trading. The pair fell to lows of $1.30478, but the lows were short-lived as it clawed back some of those losses. It is currently trading at $1.30735.

The Dow endured another bumpy session, remaining reasonably flat in early trading after opening at 24,145.78. The Dow plunged to lows of 23,995.44 after the release of the US GDP, which missed expectations. It then rallied in late trading and peaked at 24,312.35 in late trading. In early morning trading, it is sitting at 24,271.30. The Dax opened at 12,297.36 and reached highs of 12,374.60 during the first hour of trade. The Dax fell away after that as it tumbled to lows of 12,101.30, despite a weak euro. A falling Dow seemed to drag the Dax along with it. It showed some signs of life in late trading, closing at 12,217.70.

The day ahead contains a large volume of data. The most significant piece of data being released is the UK Current Account figure. This trade surplus/deficit data is crucial to the strength of an economy by indicating the monetary difference between imports and exports. As the economy endures a drawn-out Brexit process, strong trade figures help stabilise an economy that is showing some signs of weakness. Other data set for release today includes:

China – Manufacturing & Non-Manufacturing PMIs

Australia – Private Sector Credit, HIA New Home Sales

Japan – Consumer Confidence, Housing Starts

Canada – GDP, RMPI, IPPI, BoC Business Outlook Survey

US – Core PCE Price Index, Personal Spending & Income, Chicago PMI, Revised UoM Consumer Sentiment & Inflation Expectations

UK – Final GDP, Net Lending to Individuals, Index of Services, M4 Money Supply, Mortgage Approvals, Revised Business Investment

Europe – German Retail Sales & Import Prices, French CPI & Consumer Spending, Swiss KOF Economic Barometer, German Unemployment Change, European CPI & Core CPI Flash Estimate, EU Economic Summit, Italian bank holiday

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