Market insights

Quiet Start To 2024 - MI030124

The currency markets started the year relatively modestly.

Most majors are tracking sideways in early trading, so maybe the news from today until the end of the week might start pushing things.

GBP/USD could be in the spotlight today as there's Stateside manufacturing data out mid afternoon followed by the minutes from the Federal Open Market Committee Meeting later in the evening.

GBP/EUR is more likely to be affected tomorrow when there's a raft of global services data reported.

Business news returns to industrial action as junior doctors start a 6 day walk out over wages. There's also warnings over potential price rises for certain products due to the disturbances on the Red Sea.

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Economic calendar

US: 15:00 ISM Manufacturing PMI

US: 19:00 FOMC Meeting Minutes

CHN: Thursday 01:45 Caixin Services PMI

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