Following on from our last update there has been a nice strengthening of Sterling versus the Euro. This was led by the ECB tapering their bond buying on Thursday. Although the rate is still technically range bound this is a nice move in the right direction towards the top of the range. Hopefully this will continue. ECB chief, Christine Lagarde, is giving a speech later so that might also have an effect on the rate.
The story is very similar against most other major currencies too such as the Dollar and the Yen. Quite range bound but positively so.
What might change things is the employment data out early tomorrow morning for the UK. We will keep you in the loop first thing tomorrow to see what effect the data has.
As ever we look forward to keeping you in the loop and look out for our next update.
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Today’s Economic Calendar
EUR: 13:30 ECB presidents speech
UK: 06:00 Employment data