Today at 9:30 we see UK Consumer Price Index (CPI), this measure of inflation is due to come out at 0.3% (half of what we saw last month) and with Retail Price Index (RPI), a secondary measure of inflation due out at the same time and again expected to show a significant fall we could be about to see Sterling exchange rates fall from the current high levels. Yesterday Sterling Euro exchange rates closed in on 20 month high which has presented on some fantastic opportunities to clients looking to exchange Pounds to Euros however with the data due this morning these opportunities could be short lived.
Also out today at 2pm is the Canadian interest rate decision and while rates are expected to remain on hold at 1% and deviation from this or an accompanying statement could lead to GBP/CAD exchange rate volatility.
Also later today the President of the European Central Bank (ECB) Mario Draghi speaks, which could again cause movement on GBP/EUR exchange rates. Give us a call to be kept up to speed with any Euro updates.