Market Comment - 9th January 2023

January 9, 2023
Market Comment - 9th January 2023

Good morning,

The Pound had a significant rebound on Friday against the Euro and the Dollar. Sterling was well in favour later on Friday gaining against most majors.

Things have started a little quieter this morning with no real market centric news over the weekend. Business news continues on the same vein of strikes and the cost of living.

After a big end to the week last week for numbers, today is much quieter. First up is European employment numbers followed by a speech from a member of the Bank of England. There's then a speech from the FED before eyes will turn to the UK's like for like retail sales just after midnight.

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Today’s Economic Calendar

EUR: 10:00 Unemployment Data

UK: 15:30 BoE's Huw Pill Speech

US: 17:00 FED's Raphael Bostic Speech

UK: Tuesday 00:01 BRC Like for Like Retail Sales

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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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