Market Comment - 17th August 2021

Posted by Stuart PritchardAugust 17, 2021

Good morning,

The Pound continues giving up it's recent gains versus the Euro and the Dollar. This was bolstered earlier by better than expected employment data out from Europe.

The job market is the focus globally at the moment with unemployment falling here in the UK and almost a million job vacancies posted in the last 3 months. On top of that there has also been a strong growth in average wages too so the recovery certainly seems to be under way.

The main scheduled news out today are the Retail Sales numbers in the US later this afternoon. 

There isn't much data scheduled to affect the value of the Pound, so without a news story we would expect this small softening in Sterling to continue.

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

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Today's Economic Calendar

US: 13:30 Retail Sales

UK: 07:00 CPI and RPI Data (Inflation)

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