Market insights

The Big News Continues This Week

Today sees the monthly global manufacturing and services reports.

These numbers reveal how the economic activity in key sectors is performing in the major countries around the world.

The Eurozone is followed by the UK, then the US.

A median reading of 50 indicates neither growth nor contraction with a higher than 50 reading indicating growth and vice versa.

That leads into a key speech by the Bank of England Governor, Andrew Bailey, early evening.

Into tomorrow and it's US led consumer confidence that leads the way for market movements.

However it's Wednesday morning that's the big one, and will have potentially the biggest effect on Pound rates.

Analysts are expecting a very modest downtick to 2.9% from 3% the month before for the annualised growth rate.

So with rates generally quite static at the moment, maybe these scheduled reports will cause a bit of movement.

Business news is relatively thin on the ground ahead of the Spring Statement on Wednesday.

Get your free quote now

Economic calendar

EUR: 09:00 Manufacturing and Services PMI

UK: 09:30 Manufacturing and Services PMI

US: 13:45 Manufacturing and Services PMI

UK: 18:00 BoE Governor Speech

US: Tuesday 14:00 Consumer Confidence

UK: Wednesday 07:00 Inflation Report

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