Market insights

Pound Versus Euro Rangebound

Yesterday afternoon saw the Pound gain strength over most major currencies.

This has brought GBP/EUR to an interesting rate where a decisive break to the upside could see the Pound back up to highs.

The German inflation number could be the driver.

There was also an overall move to the upside in global markets as the jitters from last week ease, so this could have contributed to the moves in the currency markets.

Fans of the Canadian Dollar should be on alert later today with the Canadian unemployment rate being reported.

Analysts are expecting a reading of 6.5%.

Overall it's been a relatively quiet week for market news although there's been plenty to talk about in geopolitical circles.

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Economic calendar

CAN: 13:30 Unemployment Rate

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

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