We are expecting some key data for the UK economy later this week, especially Unemployment, Average Earnings and GDP data. With this in mind Sterling exchange rates could be set for some volatility.
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The Pound struggled a little at the beginning of this week following comments by Michel Barnier that the UK would be ‘punished’ in the transitional phase by the EU. This Sterling weakness has since been offset on news from the UK Government that they will seek some form of softer Brexit.
The Pound has strengthened against the US Dollar, but remains range-bound against the Euro as Brexit negotiations take centre stage.
With the US Federal Reserve watching the inflation rate as an indication of when to raise interest rates, today’s Consumer Price Index data is a key economic event to watch.
Brexit negotiations have been a key driver for Sterling exchange rates. How will the series of planned Brexit speeches from Cabinet members, which start today, impact rates?
We are expecting a busy day tomorrow for the Euro with some key data releases and speeches expected from European Central Bank members.
Sterling’s advances after comments from the Bank of England yesterday were halted by Brexit uncertainty following comments from Michel Barnier.
Following a sustained period of growth Canadian unemployment figures has shown a sharp drop today. What does this mean for the GBP/CAD exchange rate?
Following their interest rate decision earlier today the Bank of England have announced that they may be gearing up to increase interest rates earlier than thought in 2018.
Questions surrounding US interest rates and the potential for a series of hikes in 2018 is causing volatility for the US Dollar.
Following a disappointing few days for the Pound, focus now turns to tomorrow’s Bank of England’s interest rate decision and the following comments for Sterling direction.