Markets little changed since Thursday

Following the long Easter weekend the markets have remained little changed from the Thursday close where we saw the pound finish on a reasonable high against both the dollar and the euro. Last week was very much all about Cyprus with the banks finally opening and though there wasn’t any major disruption it’s clear we haven’t seen or heard the end of the problem. The pound was also helped by some reasonable data releases.

As we enter the new financial year this week sees a raft of important data in both the UK and Europe. We have manufacturing and inflation due along with interest rate announcements from both the ECB and BoE. Though little change is expected by either central bank data releases may well give us a hint as to any moves we may see over the coming months so these, along with any accompanying statements, will be of interest to investors worldwide.

To keep up to date with all the movements this week make sure you stay in touch with your account manager here at Currency Index.