Global Reach is becoming Corpay Cross Border, part of FLEETCOR, to broaden our client offering. Please contact our team or visit to find out more.

Who wants to be a PM?

Today's news headlines:

‘Tory TV debate stokes leadership contest’s acrimony’. The blow-by-blow of the televised debate is worth reading in its entirety for the bickering but also for the sheer farce of it. In short, Rishi Sunak had hoped to pull ahead through his performance, but it looks like he hasn’t managed it. Liz Truss also came across as the slightly more controlled of the two candidates, which goes some way towards a Truss victory. (Financial Times)

‘UK chemicals sector hit by £2bn Brexit red tape bill’. The post-Brexit world has turned out nearly like it was promised, and the newest example is that duplicating regulation locally in the UK for the Chemicals industry is going to cost £2bn. What’s more, registering some 22,400 substances at £91,000 each is likely to hit the classic Brexit issue, a short-staffed agency needing to process the submissions. (Financial Times)


Yesterday, the little bit of UK and German data on offer disappointed, and there’s another light calendar today; US releases at 3PM are set to be the highlight. Natural gas is the main mover in commodities; the ICE contract has gained 50% in the past five days and augurs more cost-of-living pains for consumers in the coming months. Asian equities gains bring a positive to the UK market open.


UK Confederation of British Industry Realised Sales 12:00 PM
US House Price Index m/m 2:00 PM
US CB Consumer Confidence 3:00 PM
US Richmond Manufacturing Index 3:00 PM

Interbank rates:

GBP/USD – 1.2040
GBP/EUR – 1.1770
EUR/USD – 1.0220
USD/CAD – 1.2825

The markets are moving. To speak to our team, please call +44 (0)20 3465 8200.