Interest Rates on Hold in UK and Eurozone Now the Focus is on the US

Yesterday as expected interest rates in the UK and Eurozone were kept on hold and as a result we saw Sterling continue to slide against the EUR meaning we have now moved further away from the recent highs just highlighting how short lived these spikes in the currency market can be. The focus for those clients looking to trade GBP EUR will be Wednesday’s inflation report which will give an insight into the performance of the UK economy and the increase of the price of goods and services. However, before that we have the US non-farm payroll data which is due out today which is often one of the most volatile economic data releases announced as the actual figures are often so far removed from the predicted figures. This data set is due for reales today at 13:30 and so if you need to buy or sell USD it is certainly worth speaking with one of our experienced currency brokers today as they will be more than happy to help. You can call straight through to our trading floor for free on 0800 328 5884 or if calling from abroad 0044 1494 725353 or alternatively email me directly