Market insights

Pound Bounces On Speeches

Yesterday afternoon saw the Pound leap up close to year highs again on the back of positive rhetoric from the Bank of England.

Versus the Euro it looks like Sterling has joined in the winning ways.

As expected the German inflation came in in line with expectations. However the UK GDP number came in at monthly growth of 0.4% versus an expected 0.2%. This could keep GBP/EUR touching those highs.

However today will see the test of GBP/USD.

It's all eyes on the US inflation report just after lunch. Analysts are expecting no change from last month of annualised growth of 3.4%.

This will be a telling number in the central banks war on inflation.

Once that report is priced in it's the turn of the second biggest economy in the early hours of Friday.

Chinese import and export numbers will be reported before breakfast which is a bellwether of the global consumer demand.

Business news centres on the UK's water companies for a change from the energy companies. Every 5 years the regulator, Ofwat, decides the maximum price and the service level expected from each of the 17 geographical companies. Thames Water, in particular, has been in the spotlight during recent months.

Get your free quote now

Economic calendar

US: 13:30 Inflation Report

CHN: Friday 04:00 Imports and Exports

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.

Open a free account

It is free and easy