Market insights

A Raft Of Global Data Today - MI240124

Throughout the day there's scheduled data from around the world that could move the currency markets.

Various bodies such as S&P Global report manufacturing and services purchasing managers indices alongside an overall composite number.

This is seen as gauge of the health of large, private companies. The median reading is 50 and anything below is seen as negative and vice versa.

There's also the Canadian interest rate decision where the expectation is for no change at 5%.

However eyes will already be turning towards the ECB interest rate decision tomorrow. Analysts are predicting no change at 4.5%.

Business news is thin other than the prediction that new nuclear power plants may end up costing a third more than expected following the theme for most major construction projects.

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Economic calendar

EUR: 09:00 Manufacturing and Services PMI

UK: 09:30 Manufacturing and Services PMI

US: 14:45 Manufacturing and Services PMI

CAN: 14:45 BoC Interest Rate Decision

CAN: 15:30 BoC Press Conference

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

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