Market insights

Newsflash - Super Thursday 5th August 21

Good morning,

So today is a potentially massive day in the markets for the Pound. Not only has the Government relaxed travel restrictions even further, we also have a raft of UK led data out today. Interest rate decision, monetary policy minutes, asset purchase information, the vote on the interest rate decision and the Governor of the BOE, Andrew Bailey, giving his speech.

Better known as Super Thursday.

As we mentioned in yesterday's commentary, today is a day of choices. If you are thinking of changing Sterling into any denomination the conservative position is to get it done before midday as rates are pretty strong at the moment. However, if you're more risk on, then hold out until after 12.30pm today.

.......of course absolutely nothing may happen also if everything comes in in line with expectation!

Outside of the UK we have Initial Jobless Claims in the US later in the day so that could affect any USD based pairs.

As ever we look forward to keeping you in the loop and look out for our next update.

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Today's Economic Calendar

UK: 12:00 Interest Rate + Monetary Policy Commentary + Vote + Asset Purchase Info

UK: 12:30 Andrew Bailey's speech

US: 13:30 Initial Jobless Claims

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