Marketwatch EU & UK

Daily Insights
March 14, 2024

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  • The US Dollar is trading in narrow ranges against most of its peers as markets wait for the release of producer price and retails sales data. Following a hot CPI print earlier this week, PPI is estimated to tick higher due to an increase in energy costs, but still lower than the previous spike in January. Any upward surprise should give the greenback a boost and trim expectations of cutting at the June meeting.
  • The Dollar Index is up 0.09% on the day, continuing to hold below key 103 level.

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  • The euro hasn’t moved much since yesterday and we are now trading just below 1.0950. Soft US data should drive us higher as it will be an indication of US Core PCE reading later this month – the Fed’s preferred inflation gauge.

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  • Cable is trading in a narrow range, and we currently sit at 1.2800. We had British housing market data this morning showing that prices have picked up again through February, according to RICS.

Economic Calendar

GBP - RICS House Price Balance
CHF - PPI m/m
CNY - New Loans
CNY - M2 Money Supply y/y
CAD - Manufacturing Sales m/m
USD - Core PPI m/m
USD - Core Retail Sales m/m
USD - PPI m/m
USD - Retail Sales m/m
USD - Unemployment Claims
USD - Business Inventories m/m
USD - Natural Gas Storage
NZD - BusinessNZ Manufacturing Index

Market Indicators

Currency Pairs
Pair High Low
eur/gbp 0.8557 0.85486
gbp/usd 1.28044 1.27864
gbp/aud 1.93475 1.93045
gbp/nzd 2.07797 2.07276
usd/jpy 147.971 147.526
eur/usd 1.09546 1.09369
gbp/jpy 189.266 188.815
eur/cnh 7.87934 7.8694
usd/cnh 7.19985 7.18912
Equities and Commodities
Nasdaq 100 18124.5
DOW 39100.9
S&P 500 5174.72
WTI 79.81
GOLD 2167.8

This document is for information purposes only and does not constitute any recommendation or solicitation to any person to enter into any transaction or adopt any trading strategy, nor does it constitute any prediction of likely future movements in exchange rates or prices or any representation that any such future movements will not exceed those shown on any illustration. All exchange rates and figures appearing are for illustrative purposes only. You are advised to make your own independent judgment with respect to any matter contained herein.

About Francisco Mioludo


Francisco Mioludo is a trader for GPS Capital Markets at the London office. Before joining GPS, Francisco worked in Market Risk at a commodity trading firm in London where he gained valuable skills for his current role. Francisco looks after our EU and UK sales team with everything from analysis to structuring and pricing.