Pound Continues Its Recovery - MI290424

April 29, 2024
Pound Continues Its Recovery - MI290424

After a fairly poor start to last week for the Pound, a recovery was welcome towards the end of the week and early trading today.

It will be GBP/EUR under the spotlight today with Eurozone consumer confidence numbers and German inflation data.

Germany is expected to register annualised growth of 2.3%.

After that eyes will turn East in the early hours of tomorrow with Japanese unemployment figures out followed by Chinese manufacturing data.

Business news centres on the plight of single people saving for their first home, and a new law passed in the UK to heighten security on electronic devices such as sports trackers and speakers.

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Economic calendar

EUR: 10:00 Consumer Confidence

GER: 13:00 Inflation Report

JPN: Tuesday 00:30 Unemployment Rate

CHN: Tuesday 02:30 Manufacturing Data

As ever we look forward to keeping you in the loop and look out for our next update.

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