Market insights

It's all about the speeches

Today sees a raft of speeches from both the Bank of England and the ECB. This could well bounce GBP/EUR around through the day. The rate itself has been firmly locked in a sideways pattern following the unexpected 50 point hike by the Bank of England last week.

There's also a decent amount of US led data which could have an effect on GBP/USD rates through the day. The 2 highlights are durable good orders and consumer confidence.

The Bank of Canada is also reporting it's annualised inflation number where analysts are expecting 3.9% growth.

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Economic calendar

EUR: 09:00 ECB's Christine Lagarde Speech

UK: 09:30 BoE's Silvana Tenreyo Speech

EUR: 09:30 ECB's Fabio Panetta Speech

EUR: 10:00 ECB's Frank Elderson Speech

EUR: 13:00 ECB's Isabel Schnabel Speech

US: 13:30 Durable Goods Orders

CAN: 13:30 Inflation Data

US: 15:00 Consumer Confidence

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

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