Friday's non farm payrolls in the US came in broadly in line with expectations at 236k jobs gained in March. This led to GBP/USD starting this week much as it left last week.
Against most of the major currencies the Pound is generally tracking sideways at the moment with little volatility after a long weekend.
Chinese inflation numbers came in slightly lower than expectation at 0.7% annual growth. This saw GBP/CNH move to the upside.
Business news centres on the cost of living situation and the junior doctor industrial action. Like for like retails sales increased by 5.1% year on year which is encouraging. However most of that is cited to be because more people are entertaining at home rather than going out.
Today’s Economic Calendar
EUR: 10:00 Retail Sales
As ever we look forward to keeping you in the loop and look out for our next update.
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