Market insights

Sterling Hits A Magical Number Versus The Euro

Here we are. The Pound has made the required gains to be sat at a rare number.

Now it's time to see if that rate holds or not.

The global data from yesterday was poor versus expectations for almost all countries, so had little impact on rates.

Today might not change that, so much, other than technical trading as scheduled news is thin on the ground.

There's US consumer confidence out later, but nothing else of real note.

Business news centres on China where a raft of measures have been unveiled to boost their economy. Cheaper borrowing and easier lending are the main headlines. The news saw the Asian stock markets go off like the clappers in the last 24 hours.

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Economic calendar

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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