Straight to business today. Sterling appears to be shrugging off fears around Covid and the row over the Northern Ireland protocol. Overnight there have been gains against most major currencies including the Dollar, the Euro and the Yen. This bodes well. However the BOE's Broadbent has been commenting on inflation being surprisingly high this time around so that could take a bit of fizz out of things.
Looking ahead it's the ECB's rate decision at 12.45pm that could cause a bit of turbulence in the GBP/EUR rate with consensus suggesting a freeze at 0%. Any decision outside of that figure could have an effect.
This is closely followed at 13:30pm by the jobless claim numbers in the US alongside the ECB's press conference at the same time.
So after a bit of a boring week so far around scheduled data we've got a glut coming along all at once.
And if that's not enough to whet the appetite we've got the UK retail figures first thing tomorrow at 07:00am so an interesting 24 hours ahead.
As ever we look forward to keeping you in the loop and look out for our next update.
Our friendly currency experts are here to assist you and guide you through the markets, we offer a first-class service and even an online platform so you can monitor your transaction in real time.
Our business ethos is based on bank beating rates and fantastic customer service, click the link below for a no obligation quotation and see the savings for yourself.
Todays Economic Calendar
EUR: 12:45 - ECB interest rate decision
US: 13:30 - Jobless claims
EUR: 13:30 - ECB press conference
UK: 07:00 - Retail sales data
© 2022. RegencyFX Ltd. All rights reserved. *Third party fees may apply.
Payment services for RegencyFX Ltd are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: The Steward Building 1st Floor, 12 Steward Street London E1 6FQ.
The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199). In the US Currency Cloud operates in partnership with CFSB. CFSB fully owns the bank program and services are provided by The Currency Cloud Inc.