Market insights

The Pound is under fire - MI070923

This mornings house price data saw the Pound lose significant ground against most major currencies. The Halifax announced a -1.9% month on month contraction and a -4.6% year on year contraction in house prices. Property investors may well be seeking other avenues of opportunity right now.

There is a hope that the UK economy is flushing the bad news out at the moment to prepare for more positive news in the final quarter.

However today sees a continuance of the Pound potentially coming under fire.

There's Eurozone GDP out (analysts expecting quarter on quarter growth of 0.3%). Then it's initial jobless claims in the US followed by an absolute raft of speeches from the FED.

That then takes us into Japanese GDP data in the early hours where economists expect quarter on quarter growth of 1.3% before Germany announces its inflation number. As the biggest player in the bloc there will be eyes on the expected annualised growth of 6.4%.

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Economic calendar

EUR: 10:00 GDP Numbers

US 13:30 Initial Jobless Claims

US: 16:45 FED's Goolsbee Speech

US: 20:30 FED's Williams Speech

US: 20:45 FED's Bostic Speech

US: 21:55 FED's Bowman Speech

JPN: Friday 00:50 GDP Numbers

GER: Friday 07:00 Inflation Data

As ever we look forward to looking after you and please keep an eye out for our next Insight.

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