Market insights

Pound Fails To Gain Traction

The collapsed Pound sees little signs of recovery this morning.

Even the worse than expected retail sales numbers from the Eurozone did little to ease the pain.

With the UK Chancellor, Rachel Reeves, heading to China today it looks like not much will be forthcoming from the UK Government to shore things up.

And that leaves very little on the table for Sterling related news going into the weekend.

However the opposite can be said for the Dollar as it's non farm payroll day in the US.

The bellwether jobs report is expected to reveal 160,000 full time jobs were added over the pond in November.

At the same time Canada releases its unemployment rate number with analysts expecting a reading of 6.9%.

That pretty much wraps up the week with the benefit today for anyone selling the Pound.

Business news covers major retailers, such as Sainsburys, increasing their hourly rate for workers to cover inflationary measures and minimum wage etc.

Get your free quote now

Economic calendar

US: 13:30 Non Farm Payrolls

CAN: 13:30 Unemployment Rate

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.

Open a free account

It is free and easy
Register