Market insights

President Trump Is At It Again

All market eyes have been on the outfall of Donald Trumps "Liberation Day".

And it looks like it's having the right effect.

Firstly the UK has lauded Mr Trumps intervention in the recent UK US trade deal, and now it looks like China is demonstrably coming to the table.

It's reported that Chinese exports to the US had fallen by 20% on the back of the tariffs....that's a number that might motivate.

Global stock markets are liking the news with a broadly positive open expected.

However currency markets remain less volatile.

GBP/EUR has been looking more favourable over the last week and the open sees a continuance of that short term trend.

With plenty of opportunity for disturbance in the markets, it could be a good guide to take the option to conduct any currency conversion before markets move more.

Today sees a raft of speeches from the Bank of England following the interest rate decision last Thursday, so that could move Sterling rates.

Going into tomorrow, UK news continues with a view of like for like retail sales and the UK unemployment rate.

Analysts are expecting the UK rate to have ticked up to 4.5%.

Big news from the US tomorrow with their inflation rate being reported. 2.4% annualised growth is predicted.

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Economic calendar

UK: Throughout The Day: Speeches From The BoE

UK: Tuesday 00:01 BRC Like for Like Retail Sales

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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