Market insights

Big Week For The Pound

UK unemployment is now at 5.1% for the 3 months to October.

This is the highest since Covid and possibly reflects a cooler economic environment.

Tomorrow sees the inflation number released where annualised growth is expected to modestly tick down to 3.5%.

That should support the anticipated rate cut by the Bank of England on Thursday to 3.75%.

All in all it's a lively week all around.

There are options for taking risk off the table if you want to discuss things with your dedicated account manager.

Those options include forward contracts and limit / stop orders.

If that weren't enough there's also US non farm payrolls for November being reported this afternoon.

40,000 jobs were expected to have been added, and this will be very closely watched as the number is relatively poor compared to a thriving economic backdrop.

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Economic calendar

US: 13:30 Nonfarm Payrolls

UK: Wednesday 07:00 Inflation Report

UK: Thursday 12:00 BoE Interest Rate Decision

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

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