Market Comment - 28th November 2022

November 28, 2022
Market Comment - 28th November 2022

Good morning,

Pound rates start the week in much the same vein as they ended last week. With a couple of quiet days running into the weekend and no market sensitive global news stories over the weekend, volatility is low.

Both GBP/EUR and GBP/USD are tracking sideways at the moment and besides a few speeches from central banks there may be little else to change that today.

Sterling is making decent headway against both the Canadian and the Australian Dollar. Although rates still remain someway off the mid term highs.

Business news concentrates on ongoing industrial action, particularly the railways.

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Today’s Economic Calendar

EUR: 15:00 ECB's Christine Lagarde Speech

US: 18:00 FED's James Bullard and John Williams Speeches

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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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