Market insights

Is The Pound Going To Break Out

The Pound has started the week in strong form.

Against the Euro the Pound is at a level where the rate has failed 5 times in December.

The overall trend has been to the upside, so maybe this retest will be more decisive.

It's a similar story against other major currencies also.

There's no scheduled news out today, so It will be in the early hours of Tuesday that things could warm up.

Chinese import and export numbers are followed by the Reserve Bank of Australias interest rate decision.

Expect the rate to be kept at 4.35%.

After that it's German inflation at breakfast time with annual growth of 2.4% expected.

Business news covers the UK's Chancellors call for closer ties with the Eurozone to drive growth.

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Economic calendar

CHN: Tuesday 03:00 Imports and Exports

AUS: Tuesday 03:30 RBA Interest Rate Decision

GER: Tuesday 07:00 Inflation Report

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

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