Market insights

Big Day Of Services Information - MI230424

Ahead of a review of the day it's important to share the UK's public sector net borrowing position as the report caused an immediate dip in Pound rates. The debt figure came in at £11.9 billion against an expected £8.9 billion.

As for today we see the monthly report on global services and manufacturing.

In the spotlight will be the Pound, the Euro and the Dollar.

Around that there's speeches from the Bank of England which was one of the causes of the drop in Sterling rates last week, so watch this space.

The early hours of tomorrow will see the Australian Dollar come under scrutiny as the Australian inflation figure is reported. Analysts are expecting annualised growth of 3.4%.

Business news goes back to the UK mortgage situation. With more global rhetoric around holding base rates rather than cutting it appears some high street banks have responded by raising rates on some of their mortgage product.

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Economic calendar

EUR: 09:00 Manufacturing and Services Report

UK: 09:00 BoE's Jonathan Haskel Speech

UK: 09:30 Manufacturing and Services Report

UK: 12:15 BoE's Huw Pill Speech

AUS: Wednesday 02:30 Inflation Report

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

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