Market insights

Market Comment - 17th February 2022

Good morning,

As expected yesterdays inflation numbers underpinned the Pounds strength. No fireworks but certainly the Pound look good for now. Unlikely to break out of the recent trading ranges so expect a bit of status quo.

The UK has been struck by storm Dudley in the last 36 hours and even bigger storm Eunice is on the way. Generally these events have more effect on the stock market than the FX market but we will be keeping a close eye over the weekend for potential outfall.

Other than that it's the ongoing situation in Ukraine that's dominating proceedings with still no clear outcome. A move one way or the other there will have an effect on the markets.

There's US employment numbers out later and the UK releases it's retail sales numbers at breakfast tomorrow.

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.


Today’s Economic Calendar

US: 13:30 Employment numbers

UK: Friday 07:00 Retail Sales

Open a Personal Account

Open a Business Account

Get your free quote now

Economic calendar

Open a free account

It is free and easy