Pound Softens - MI080424

April 8, 2024
Pound Softens - MI080424

GBP/EUR continues to see a decline, and with little scheduled news today it might only be technical trading that changes that.

It's the same versus the Dollar too.

The headlines for the week ahead include American inflation numbers and the Eurozone interest rate decision.

Today could see a move for the Swiss Franc as the Swiss National Bank Chairman gives a key speech.

Other than that is UK like for like retail sales at the turn of midnight that could affect GBP rates.

Business news is equally thin on the ground after the weekend. The main headline being the 8.5% increase in the state pension as part of the Governments triple lock program.

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Economic calendar

CH: 16:15 SNB's Thomas Jordan Speech

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

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

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