As we suspected yesterday the GBP/EUR rate has continued to drop further and a retest of the bottom of the range looks potentially likely. With no UK based data scheduled to come out it's the Euro zone preliminary inflation data out later that might change things.
Outside of this it's mainly US led data out today with House Prices, Consumer Confidence and a number of speeches from the FED board.
It looks like global markets are poised for updates regarding the Omicron variant of Covid which is certainly a story we are following closely.
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
EUR: 10:00 Preliminary Inflation Data
US: 14:00 House Prices
US: 15:00 Consumer Confidence
UK: Wednesday 07:00 Nationwide House Prices