Market Comment - 28th June 2022

Posted by Stuart PritchardJune 28, 2022

Good morning,

Today sees a raft of speeches from both the ECB and the Bank of England. These may prove the catalyst to finally get the GBP/EUR rate moving which is still sat at the bottom of the recent range. With little scheduled news other than the speeches this seems to be where it's at today.

GBP/USD remains locked in a sideways pattern with very little volatility. This sometimes leads to a big move in the nearer future as the trading runs out of steam.

Versus the other majors such as the Canadian Dollar and Australian Dollar things remain similar with no big moves in either direction.

Overall business headlines are generally a bit gloomy with cost of living and global inflation dominating headlines.

Today’s Economic Calendar

EUR: 09:00 ECB Christine Lagarde Speech

EUR: 09:30 ECB Philip Lane Speech

EUR: 10:30 ECB Frank Elderson Speech

UK: 12:00 BoE Jon Cunliffe Speech

EUR: 12:00 ECB Fabio Panetta Speech

US: 15:00 Consumer Confidence

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