The Pound Clinging To Highs

October 14, 2024
The Pound Clinging To Highs

GBP/EUR is still tentatively holding on close to recent highs.

With little news scheduled for today it's likely the UK unemployment rate at breakfast tomorrow will be the first opportunity for moves.

Ahead of the claimant count, trading eyes will be on Japan and China.

In Japan it's industrial production numbers ahead of the Chinese import and export data.

Business news is locking on the budget at the end of the month. It's expected the Chancellor, Rachel Reeves, may take the brakes off Government borrowing to allow infrastructure investment.

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Economic calendar

JPN: Tuesday 05:30 Industrial Production

CHN: Tuesday 06:00 Import and Exports

UK: Tuesday 07:00 Unemployment Rate

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