Market insights

Pound Continues Its Decline

It's been a difficult little run for the Pound over the last week.

Even its advance on the Australian Dollar has stalled.

And with a modest day of scheduled news it's unlikely this is going to turn around today.

Highlights for the day are Eurozone retail numbers, New Zealand employment, and most importantly, Chinese imports and exports early tomorrow.

Business news continues the discussion around the US going into recession.

The non farm payroll numbers were way off last Friday. However it might be a little premature to suggest that's paving the way for bigger problems.

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Economic calendar

EUR: 10:00 Retail Sales

NZ: 23:45 Unemployment Rate

CHN: Wednesday 04:00 Imports and Exports

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

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