Markets Continue To Respond

November 11, 2024
Markets Continue To Respond

American markets are all positively responding to the landslide election result.

Whilst everyone has their opinion one way or the other, Donald Trump is seen as pro business for the US.

This has caused a decoupling of correlation for Pound rates.

GBP/USD is in decline whilst GBP/EUR is still pushing ever higher.

With the latter we're now at rates not seen since April 2022.

A break much higher could be very consequential.

Other than that it's a very quiet day for news ahead of breakfast tomorrow when the UK releases its unemployment rate.

Analysts are expecting the rate to tick up to 4.1%.

Business news, outside of the reaction to the US election is equally light.

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Economic calendar

UK: Tuesday 07:00 Unemployment Rate

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