Money News Overview Monday 11th March: Sterling down from last weeks highs but remains well supported

The financial markets began the week on a calm note, a trend that carried over into yesterday.

The start to the week is very quiet in terms of economic data with nothing to really report on today.

Focus will shift to tomorrows raft of data and more importantly the UK Employment figures.

The latest figures are likely to suggest that the jobs market still remains tight, with the unemployment rate falling to 3.8 percent in the 3 months to December period compared to 4.1 percent in the previous 3-month period to September.

For the US tomorrow, we have the Inflation figures later in the afternoon. The report will provide key data to the Federal Reserve’s decision-making process.

On Wednesday, we have the UK Growth figures & Industrial Production number due.

Lastly, markets will be particularly interested in the US Employment, PPI and Retail Sales figures on Thursday.

In terms of currency movements, the pound has begun the week down from its highs on Friday against the euro and dollar.

Hopes that the ECB and Fed will cut interest rates before the Bank of England has helped push the pound to multi-month highs against its counterparties

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