Market insights

Pound Showing Strength

After a period of down beat news the Pound is finally showing signs of life.

The back end of last week saw decent gains against the Euro and the Dollar as well as the less well known currencies.

Traders will be across the UK unemployment rate at breakfast tomorrow with analysts expecting a reading of 4.7% which would be unchanged from the previous month.

Ahead of that it's the Aussie Dollar in the spotlight. The Reserve Bank of Australia is releasing its interest rate decision where a 25 point cut to 3.6% is expected.

However the hot topic on the horizon is the US inflation reading. An uptick to 2.8% annualised growth is predicted.

That will either put pressure on or remove pressure from the FED around future interest rate decisions.

Business news hasn't changed much over the weekend although eyes are turning toward the US / Russia meeting in Alaska.

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Economic calendar

AUS: Tuesday 02:30 RBA Interest Rate Decision

UK: Tuesday 07:00 Unemployment Rate

US: Tuesday 13:30 Inflation Report

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

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