Market insights

Sterling Recovers

Sterling ended the year on the ascension against both the Dollar and the Euro.

It started the year in similar fashion reaching 3 month highs this week.

The question is will the recovery keep running.

With global tensions rumbling it's a difficult question to gauge.

Will traders and investors start moving towards perceived safe havens such as gold which could bolster the Dollar?

On a more granular level, trading continues in a normal fashion responding to scheduled news rather than the more spectacular global news stories.

There's Chinese inflation numbers overnight with annualised growth of 0.9% which precedes big Canadian and US data tomorrow.

Canada is expected to release an unemployment rate of 6.6% at the same time as the much anticipated US non farm payrolls.

Analysts are predicting employment growth of 60,000 jobs.

The jobs data in the US has been under close scrutiny over recent months with the reported numbers often in contradiction to the Presidents rhetoric.

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Economic calendar

CHN: Friday 01:30 Inflation Report

CAN: Friday 13:30 Unemployment Rate

US: Friday 13:30 Non Farm Payrolls

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

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