Pound Pushing Highs Versus The Euro - MI061223

December 6, 2023
Pound Pushing Highs Versus The Euro - MI061223

The Pound continues to dominate the Euro.

With little scheduled news except Eurozone retail sales numbers out later, it seems unlikely this dominance will change today.

GBP/USD is another kettle of fish altogether. The Pound is struggling to get going versus the Dollar right night which is incongruous with general market chatter at the moment. The belief is that traders are betting on gold and Bitcoin at the moment rather than the Dollar, but this isn't reflected in Dollar rates.

Other news today includes US employment numbers and the Canadian interest rate decision. Analysts here are expecting the rate to remain unchanged at 5%.

Going into tomorrow there's Australian import and export data followed by the same report from China. At breakfast tomorrow the Halifax releases it's house price changes, which has been surprisingly buoyant of late.

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Economic calendar

EUR: 10:00 Retail Sales

US: 13:15 ADP Employment Change

CAN: 15:00 Interest Rate Decision

AUS: Thursday 00:30 Imports and Exports plus Trade Balance

CHN: Thursday 03:00 Imports and Exports plus Trade Balance

UK: Thursday 07:00 Halifax House Prices

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