All eyes on the Conservative party conference

Hi everyone,
We enter October up against the majority of currencies, due to better than expected UK manufacturing data this morning. However, expect a very volatile week ahead.

With very little data due out this week, attention turns solely to the Conservative conference. More evidence of a Tory divide will be negative for the £, but today May has been backed by two key figures in Chancellor Hammond & Brexit secretary Raab with the latter calling on the EU 'to get serious'. It's really a wait and see scenario.

Historically, the first week of October hasn't been kind to Sterling. A disastrous conference speech by Theresa May last year saw the Pound lose 3% and 2 years ago after her speech the 'flash crash', which saw £-$ rates tank to its lowest levels for 31 years. May speaks again this Wednesday, so strap yourselves in!

Upcoming Data
Tuesday, 2nd October, 2018

07:00 UK - Nationwide house prices
09:30 UK - Markit PMI
10:00 EU - PPI
17:00 US - FED chairman conference

Wednesday, 3rd October, 2018
09:00 EU - Euro-Zone PMI
09:30 UK - Markit PMI
10:00 EU - Euro-zone retail sales
12:00 US - Mortgage applications
13:15 US - Employment change
15:00 US - Non-manufacturing composite
Thursday, 4th October, 2018

08:30 EU - German Markit PMI
13:30 EU - Jobless claims
15:00 US - Factory & goods orders
Friday, 5th October, 2018

07:00 EU - German PPI & factory orders
09:30 UK - Labor costs 
13:30 US - Trade balance, payrolls, average earnings
13:30 US - Unemployment rate
Image Image
Governing Bodies and Registrations

Excel Currencies are a fully Authorised Payment Institution with the UK Financial Conduct Authority. ( Ref: 911228) and HM Revenue & Customs (MSB No: 12190705) as a Money Services Business. Excel Currencies ltd are also members of the UK Money Transfers Association (MTA) and the Association of International Property Professionals (AIPP).

Security of Funds

Excel Currencies ltd operate a Safeguarding Client Account System which protects all funds in these accounts against any liabilities that Excel Currencies ltd may have.

Excel Currencies Ltd, Enterprise House, 8 Essex Road, Dartford, Kent DA1 2AU

Registered in England and Wales, No. 05171054

Copyright © Excel Currencies Ltd 2023. All Rights Reserved.

Help Options Available

Contact Us

Live Chat OFF Live Chat ON