Market insights

Pound Gains Sharply Versus Dollar - MI040424

Yesterday saw the Pound gain almost 0.8% versus the Dollar.

The moves came from rhetoric from the US regarding future base rate cuts by the FED.

Today sees a further raft of speeches from the FED which could contribute towards a continuance of this move.

In and around those speeches there's plenty to look at today.

Eurozone and UK services data, and Australian import and export numbers in the early hours of tomorrow. After that the Halifax reports it's house price numbers at breakfast time Friday.

Business news returns to AI today. Google, who until now, have always offered all their services for free is said to be considering charging for premium AI products such as video creation.

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Economic calendar

EUR: 09:00 Services PMI

UK: 09:30 Services PMI

US: 13:30 FED's Patrick Harker Speech

US: 17:15 FED's Thomas Barkin Speech

US: 17:45 FED's Austan Goolsbee Speech

US: 19:00 FED's Neel Kashkan Speech

US: 19:00 FED's Loretta Mester Speech

AUS: Friday 01:30 Import and Export Data

UK: Friday 07:00 Halifax House Prices

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

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