Market insights

Pound Remains Buoyant Versus Euro - MI290524

The pound remains close to the year highs as the ongoing uncertainty around the general election continues.

There's not a huge amount of scheduled news, so it's unlikely we will see a high degree of volatility.

Overnight the Australian inflation number came in slightly higher than expected at 3.6% which initially cause a big swing in GBP/AUD rates, but this has settled down quickly again already.

Today there's German inflation numbers out after lunch where analysts are predicting annualised growth of 2.7%.

After that it's the Swiss Franc that will be in the spotlight in the run to breakfast tomorrow morning.

There's a speech from the Swiss National Banks Chair in the early hours before the Swiss GDP report at breakfast. Economists expect quarterly growth of 0.3%.

Business news centres on the Post Office accepting a £5 billion buy out from Czech billionaire Daniel Kretinsky. However the Government does have the ability to step in and block the deal if it deems fit.

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Economic calendar

GER: 13:00 Inflation Report

CHF: Thursday 01:00 SNB's Thomas Jordan Speech

CHF: Thursday 08:00 Preliminary GDP Number

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

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