Market insights

A truly global 24 hours - MI060923

With little news scheduled for the UK today eyes will turn to the rest of the world. And it's a truly global 24 hours coming up.

We can start with European retails sales numbers with a predicted annual contraction of -1.2%. GBP/EUR the first pairing to be watched.

Then it's the US's turn with the Institute of Supply Managements services data, so GBP/USD next out of the traps.

At the same time the Bank of Canada releases it's interest rate decision where analysts think the rate will remain at 5%, so GBP/CAD will be under scrutiny.

Let's then turn to Australian imports, exports and trade balance. GBP/AUD for the short form.

If this isn't exhausting enough it's the turn of Chinese imports, exports and trade balance, so GBP/CNH.

And let's round everything off with the Halifax releasing its house price figures in the UK at breakfast tomorrow.

Expect a protracted economic calendar below.

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Economic calendar

EUR: 10:00 Retail Sales

US: 15:00 ISM Services PMI

CAN: 15:00 BoC Interest Rate Decision

AUS: Thursday 02:30 Imports, Exports and Trade Balance

CHN: Thursday 04:00 Imports, Exports and Trade Balance

UK: Thursday 07:00 Halifax House Prices

As ever we look forward to looking after you and please keep an eye out for our next Insight.

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