Market Comment - 23rd December 2022

December 23, 2022
Market Comment - 23rd December 2022

Good morning,

The Pound reacted as expected to the gloomy GDP reading. Over yesterday Sterling lost ground against most majors. However the bottom seemed to be found mid afternoon and there has been a slight recovery since.

It's mainly US based data out today with the highlight being the durable goods order out at late lunch.

Other than that it's a quiet day going into the long weekend.

Business news focuses on travel disruption as rail workers and border control staff go on strike. Potentially a good time to batten down the hatches and have a great Christmas at home.

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Today’s Economic Calendar

US: 13:30 Durable Good Orders

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

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