Market insights

GBP/EUR Jumps On Poor Eurozone Data

Yesterday saw global manufacturing and services data. The Eurozone underperformed the UK leading to a bump in GBP/EUR.

With little Euro news it's unlikely things will be affected today.

The only fly in the ointment might be a speech from the Governor of the Bank of England, Andrew Bailey.

Prior to that there's also a speech from the Chair of the FED, Jerome Powell, so GBP/USD could come under fire too.

As we lead into a bank holiday in the UK there could be increased volatility in Pound rates on Tuesday as the Pound rebalances from 3 days of stored news.

Business news comes back to increasing energy costs expected in October.....just in time for the Winter.

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Economic calendar

US: 15:00 FEDs Jerome Powell Speech

UK: 20:00 BoEs Andrew Bailey Speech

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

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