Today’s economic calendar features several key data releases, beginning with Germany’s Business Survey, followed by the UK’s CBI Distributive Trades Survey—offering further insight into retail sector performance.
Across the Atlantic, attention will turn to the US housing market later this afternoon, with the release of the Home Price Index and New Home Sales data.
UK Services PMI Supports Sterling
Yesterday’s UK PMI data revealed renewed strength in the services sector, signalling a pick-up in economic momentum. The pound responded positively, gaining support as markets reassessed the growth outlook.
Geopolitical Developments in Focus
Beyond economic indicators, this week’s spotlight remains on diplomatic negotiations involving Russia and the US, with hopes of progress toward a resolution in the ongoing conflict with Ukraine. Any major developments could influence market sentiment and safe-haven flows.
Navigating Market Moves with Confidence
With a mix of data and geopolitics shaping the market narrative, now is a crucial time to review your FX strategy. Connect with a QuMoney expert for tailored insights to protect and optimise your international transactions.