Market insights

Market Comment - 30th May 2022

Good morning,

There was little new business news over the weekend. Headlines concentrated on travel delays at Dover and certain airports ahead of the half term holiday but there was little released to affect currency markets.

With that in mind the Pound continues to improve against the Dollar although the rate is still way off recent highs. Against the Euro it's a more steady affair with the rate tracking sideways at the moment. The difficulty there is deciding which direction the next leg is going to take us. It's a coin toss.

Looking ahead there is mainly Euro based news scheduled today with consumer confidence numbers out shortly and preliminary inflation data out from Germany later. The early hours of tomorrow sees Japanese unemployment data followed by Chinese Manufacturing numbers.

All told it looks likely that only a global news story might move the markets in any significant way.

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.

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Today’s Economic Calendar

EUR: 10:00 Consumer Confidence

GER: 13:00 Preliminary Inflation Data

JPN: Tuesday 00:50 Unemployment Numbers

CHN: Tuesday 02:00 Manufacturing Data

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