Market insights

Jackson Hole Symposium Ahead

Today sees the global measure of services and manufacturing purchasing managers indices.

These numbers indicate the health of 2 important sectors.

A median reading of 50 suggests status quo whilst a figure of >50 is seen as positive and vice versa.

This, in turn can have a knock on to the underlying base currencies of the countries being reported on.

With the Pound stabilising at 12 month highs versus the Dollar, is this the tipping point?

If that wasn't enough for the Dollar there's the Jackson Hole Symposium starting today where central bankers meet to discuss global economics.

The Euro could also be bouncy today with the Eurozone consumer confidence number in the middle of the global reports.

Then it's back to the UK just after midnight with a consumer confidence reading being reported.

Business news looks at the potential hike and extension to the windfall tax by the Government on energy companies. Disquiet has been voiced by said companies which would be expected.

Get your free quote now

Economic calendar

EUR: 09:00 Manufacturing and Services PMI

UK: 09:30 Manufacturing and Services PMI

US: 14:45 Manufacturing and Services PMI

EUR: 15:00 Consumer Confidence

UK: Friday 00:01 Gfk Consumer Confidence

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

Our friendly currency experts are here to assist you and guide you through the markets, we offer a first-class service and even an online platform so you can monitor your transaction in real time.

Our business ethos is based on bank beating rates and fantastic customer service, click the link below for a no obligation quotation and see the savings for yourself.

Open a free account

It is free and easy
Register