Previous Day's Market Highlights
The Euro gained yesterday after the release of the June ECB meeting minutes, which states the Eurozone asset purchase programme is due to run until the end of 2017. GBP/EUR currently changes hands for circa. 1.1350, with EUR/USD trading at 1.1420.Meanwhile, the light schedules from both the UK & USA leave the cable rate relatively unchanged, with GBP/USD still hovering at near 1.295.
|Currency Pairing||08:00 Today||Vs 08:00 Yesterday||Four-Week High||Four-Week Low||% Change|
|GBP / EUR||1.1325||1.1469||1.1261||1.81%|
|GBP / USD||1.2970||1.3031||1.2589||3.39%|
|EUR / USD||1.1425||1.1446||1.1119||2.86%|
|GBP / NZD||1.7808||1.7881||1.7338||3.04%|
|GBP / CAD||1.68345||1.7536||1.6684||4.86%|
Today's Market Highlights
Today we see the release of manufacturing production data in the UK & labor market data from Canada, However, all eyes today are on the biggest data release of the week, the headline Non-farm payrolls number from the US. The market expects the figure to rise by a healthy 179k. Alongside this, earnings growth also looks set to increase and employment is forecast to remain at a 16 year low of 4.3%. Positive US labor market data could lead the dollar higher. Any disappointing numbers here could see GBP/USD push above 1.30 as we head into the weekend.
Today's Economic Calendar
|09:30||GBP||Manufacturing Production m/m||0.5%||0.5%|
|13:30||USD||Non-Farm Employment Change||175k||138k|