Market insights

Pound In Ascendency - MI210524

It's been a lively start to the week for the Pound as it gains strength over the Euro and the Dollar.

.....but that could all change drastically at breakfast tomorrow.

The UK is releasing it's inflation report at 7am UK tome tomorrow.

Analysts are expected a substantial climb down to 2.1% annualised growth compared to the 3.2% reading last month.

This will be a huge moment for the Pound if the reported rate is substantially away from the prediction.

Ahead of that there's Canadian inflation (2.7% annual growth expected) after lunch followed by even more speeches from the FED.

Early evening today sees another event that could affect Sterling rates also as the Bank of England Governor, Andrew Bailey, gives a speech.

Business news focuses on tomorrows inflation number with Kantar reporting a drop in price growth.

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Economic calendar

CAN: 13:30 Inflation Report

UK: 18:00 BoE's Andrew Bailey Speech

UK: Wednesday 07:00 Inflation Report

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

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