Market insights

Game Of 2 Halves For The Pound

If you're buying Dollars, then it looks like a great it could be a time to do it with GBP/USD rates pushing higher.

However, if you're buying Euros, it looks to be a bit opposite.

Great if you're selling Euros though!

The market tensions being brought about by the recent trade wars are showing real effects in all asset classes.

Global stock markets start the day on an even keel, so it will be interesting to see if the bottom has been found.

Currency markets are another kettle of fish.

There's continuing volatility across most markets with the Dollar being the real currency out of favour.

It's not just USD trades though. Plenty of other currencies such as AUD, NZD, AED and SAR are on the move.

Business news covers the rumours / rhetoric that the US might be heading towards a recession.

With so many economic decisions being made on a daily basis by President Trump, it's almost impossible to predict what's going to happen to the US economy overall.

The US inflation number out at lunchtime might offer a steer. Analysts are expecting annualised growth of 2.9%.

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Economic calendar

US: 12:30 Inflation Report

CAN: 13:45 Interest Rate Decision (0.25% cut to 2.75% expected)

CAN: 14:30 Bank of Canada Press Conference

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

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