Market insights

Game Of Two Halves - MI301123

Sterling is in a real mixed bag at the moment.

Versus the Euro and the Dollar it's in ascension right now and running to the upside. Versus the Australian Dollar and New Zealand Dollar, the Pound is tracking sideways.

This could be traders reassessing their positions around the Pound after selling it off recently as they perhaps looked for perceived safe havens in the Dollar and the Euro, and now that things have calmed down geopolitically, normal service has resumed.

However hang on to your hats for today. There's a raft of data out.

Firstly there's Eurozone inflation where analysts are expecting annualised growth of 2.7%. That will be as closely watched as the Eurozone unemployment rate released at the same time where a reading of 6.5% is expected.

That's followed by personal income and expenditure numbers from the States, so the Dollar will fall under the spotlight before a speech from the President of the ECB, Christine Lagarde.

If that wasn't enough the Canadian Dollar could bounce around today with Canadian GDP numbers out just after lunch where analysts are predicting annualised growth of 0.2%.

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Economic calendar

EUR: 10:00 Inflation Numbers

EUR: 10:00 Unemployment Rate

US: 13:30 Personal Income and Expenditure

EUR: 13:30 ECB's Christine Lagarde Speech

CAN: 13:30 GDP Data

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

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