Today’s attention turns to the United States, with the release of two major economic indicators this afternoon—Factory Orders and the ADP National Employment Report. Both will provide valuable insight into the strength of the US economy as markets assess the potential direction of Federal Reserve policy.
Quiet Day for UK and EU Data
There are no scheduled data releases from the UK or Eurozone today, but markets will hear from several ECB officials throughout the day. The most anticipated event comes this evening, when ECB President Christine Lagarde addresses the European Council.
Lagarde to Speak on Transatlantic Trade Tensions
Lagarde’s remarks are expected to focus on EU-US relations, particularly the potential economic fallout from any new US tariffs on European goods. Her comments could influence euro sentiment and shape broader market expectations for EU trade policy.
Sterling Holds Firm—For Now
The pound remains on a bullish footing, supported by recent economic data and market confidence. However, the outlook could shift quickly if the US moves to impose tariffs on the UK, a scenario that may test sterling’s resilience in the coming days.
Plan Ahead in Volatile Times
As global trade tensions resurface and key data is released, staying informed is essential. Connect with a QuMoney expert to navigate the evolving landscape and optimise your international payment strategy.