Focus on Data as Brexit noise fades to background
15 April, 2019
Last week was a fairly quiet week in the way of rate movements, with GBP rates remaining subdued after the recent news of a Brexit extension to Halloween.
Strong data for the EUR and USD helped keep rates low, for the Pound in these pairings, as the market focus now seems to be slowly shifting back towards market ecostats and economic performance, and away from Brexit.
In the short term, with the new extension agreed data will return to being the driving force in moving rates, at least until traders and the market are reminded that this is a situation that wont go away, and one that to date, still offers no signs of a resolution being reached.
This week we have a fairly busy week for data release – the main ones to note on Tuesday as German economic sentiment data is released, and Wednesday as UK Consumer Price Index (Inflation) data is released, which is strongly linked with Interest rates.
With the Good Friday holiday making it a short week, if you have any upcoming transfers to make, stay in close contact with your broker who can give you some friendly and professional advice on how to help reduce the risks for your upcoming transfers.
If you have any transfers planned within the next 6 months, you may like to look at our Forward booking options, which fix the rate and protect you from any costly downward movements.
Whilst Brexit is now at the back of peoples minds, it is only a matter of time before it returns and still with no agreement in sight the Pound is likely to find itself under pressure again.
10.00 EUR German Buba Monthly report
14.30 CAD Bank of Canada Business outlook report
16.00 GBP Bank of England Haskells speech
08.30 GBP Unemployment and Earnings data
09.00 EUR German ZEW economic sentiment
22.45 NZD Consumer Price Index
08.30 GBP Consumer Price Index
09.00 EUR Trade Balance & Consumer Price Index data
12.30 CAD Bank of Canada Consumer Price Index
01.30 AUD Employment change and Unemployment rate
07.30 EUR German Markit service ad manufacturing data
08.00 EUR Eurozone Markit service and manufacturing data
12.30 USD Retails Sales control group