Market insights

After The Leap Comes The Plunge - MI180424

On the back of the slightly higher than expected inflation reading yesterday in the UK, the Pound had a jump versus most major currencies.

However the Bank of England Governor, Andrew Bailey, expressed dovish (interest rates to go down) comments later in the day that caused the Pound to slide in a hurry.

This takes us into another fairly big 24 hours of news starting with a raft of speeches from the FED.

After that it's tomorrow morning when the UK retail sales numbers are reported.

Business news centres on the unusual weather in Dubai with widescale disruption caused by recent weather activity.

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Economic calendar

US: 14:05 FED's Michelle Bowman Speech

US: 14:15 FED's John Williams Speech

US: 16:00 FED's Raphael Bostic Speech

UK: Friday 07:00 Retail Sales

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

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