Market insights

Market Comment - 17th August 2021

Good morning,

The Pound continues giving up it's recent gains versus the Euro and the Dollar. This was bolstered earlier by better than expected employment data out from Europe.

The job market is the focus globally at the moment with unemployment falling here in the UK and almost a million job vacancies posted in the last 3 months. On top of that there has also been a strong growth in average wages too so the recovery certainly seems to be under way.

The main scheduled news out today are the Retail Sales numbers in the US later this afternoon.

There isn't much data scheduled to affect the value of the Pound, so without a news story we would expect this small softening in Sterling to continue.

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

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Today's Economic Calendar

US: 13:30 Retail Sales

UK: 07:00 CPI and RPI Data (Inflation)

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Economic calendar

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

Our friendly currency experts are here to assist you and guide you through the markets, we offer a first-class service and even an online platform so you can monitor your transaction in real time.

Our business ethos is based on bank beating rates and fantastic customer service, click the link below for a no obligation quotation and see the savings for yourself.

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