Market insights

Sterling Continues With Polar Opposites

GBP/EUR continues to tumble, although the drop seems to have slowed in early trading this morning.

GBP/USD is the exact opposite pushing towards multi year highs.

Against other major currencies it's more of a mixed bag although the Australian and New Zealand Dollars are under fire from the Pound.

It's a strong couple of days ahead for scheduled news stories also.

UK unemployment is reported first thing tomorrow with a 4.4% reading expected.

That's followed by Canadian inflation numbers later with annualised growth of 2.8% predicted.

However it's early Wednesday that Sterling traders will be watching like a hawk.

UK inflation gets reported at breakfast time with economists thinking a tick down to 2.7% could come in for annualised growth.

Business news is still awash with tariff news with the world not knowing which way the wind is going to blow next.

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Economic calendar

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

UK: Tuesday 07:00 Unemployment Rate

CAN: Tuesday 13:30 Inflation Report

CHN: Wednesday 03:00 GDP Update

UK: Wednesday 07:00 Inflation Report

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

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