Marketwatch EU & UK

Daily Insights
December 20, 2023

flag united kingdom 1f1ec 1f1e7

  • The sterling started the day weaker against the greenback and continues to lose as UK Inflation data came in lower than expected. November Core CPI YoY and Headline CPI YoY rose +5.1% vs. est. +5.6%, and +3.9% vs. est. +4.3%, respectively.
  • Cable currently trades at 1.2677 and, FTSE and Gilt futures look set to a good start of day as this notable slowdown in inflation can increase rate cut speculation.

flag european union 1f1ea 1f1fa

  • The euro tried to aim for 1.10 yesterday afternoon, but we got as far as 1.0987. Today we are lower, consolidating near 1.0950 ahead of today’s Germany PPI and consumer confidence.

flag japan 1f1ef 1f1f5

  • The Yen trades at 143.50 against the US Dollar, consolidating below 144 as traders digest BOJ’s decision of no changes in their negative rate monetary policy.

oil drum 1f6e2 fe0f

  • Oil is little changed this morning after gaining for two consecutive days, as traders and shippers wait for any developments on the disruptions on the Red Sea as it can signal a potential escalation of the Israel-Hamas conflict.


This will be the last Market Watch update of 2023, and we would like to wish all our readers a Merry Christmas and a Happy New Year.

Economic Calendar

CNY - 1-y Loan Prime Rate
CNY - 5-y Loan Prime Rate
EUR - German GfK Consumer Climate
EUR - German PPI m/m
GBP - CPI y/y
GBP - Core CPI y/y
GBP - PPI Input m/m
GBP - PPI Output m/m
GBP - RPI y/y
CNY - Foreign Direct Investment ytd/y
EUR - Current Account
GBP - HPI y/y
USD - Current Account
CHF - SNB Quarterly Bulletin
CNY - CB Leading Index m/m
EUR - Consumer Confidence
USD - CB Consumer Confidence
USD - Existing Home Sales
USD - Crude Oil Inventories
USD - FOMC Member Goolsbee Speaks
CAD - BOC Summary of Deliberations

Market Indicators

Currency Pairs
Pair High Low
eur/gbp 0.8652 0.86179
gbp/usd 1.27298 1.26385
gbp/aud 1.88528 1.86847
gbp/nzd 2.03255 2.01502
usd/jpy 144.098 143.364
eur/usd 1.09794 1.09506
gbp/jpy 183.332 181.436
eur/cnh 7.82945 7.8136
usd/cnh 7.1382 7.12044
Equities and Commodities
Nasdaq 100 16855.9
DOW 37616.1
S&P 500 4777.13
WTI 74.11
GOLD 2041.86

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.