Read our currency forecasts and market reports for details of what could affect the Pound, Euro, US Dollar, Australian Dollar and many of the other major currencies.
Following the ECB's comments that they're confident in the economic recovery, the Euro hit back at recent losses against the Pound and US Dollar.
By Joshua Privett
Today we see the release of UK growth estimates for the last 3 months to June, in which murmurs of growth slowdown will need to be squashed.
US Non-farm payroll data is being released today, which is a measure for all non agricultural sector jobs and an important release for the Dollar.
Current market activity suggests that trader are pricing in a 50% chance of a rate hike in the next Bank of Canada meeting ion July 12th.
Released at 9:30am yesterday, UK inflation data showed a healthy rise in spending activity in the UK, with inflation expected to reach 2.9% this year.
On Sunday 18th, we may see a potential bolster for the Euro with the second round of the French Parliamentary Elections.
For those looking to sell US Dollars, the second interest rate hike for 2017 is expected, which could help to continue current Dollar strength.
We are seeing optimism in the New Zealand Dollar, caused by an increased demand for Kiwi goods and the lack of an interest rate cut.
The Pound has had a slow start to the week even with strong house price data from Rightmove alleviating fears of a heavy slowdown in the housing market.
Much of yesterday's improvement for the Euro, which meant a 0.5% depreciation on GBP/EUR was due to Angela Merkel saying the Euro was 'too weak'.
For the first time a controversy involving Trump is sticking, which has lead to a fall in the value of the US Dollar.
The Kiwi has suffered deteriorating milk prices over the past few months which is one of its main exports.
Today is Super Thursday at the Bank of England and what will Mark Carney make of the flurry of strong economic data to come out of the UK?
Strong Eurozone trade figures kept GBP/EUR exchange rates from making further gains yesterday. Will there be further losses for the Pound tomorrow?
Trading on the US Dollar has been quiet since Trump fired FBI Director James Comey. Further US Dollar weakness could present itself in the near term.
