Mon, January 08, 2018
After a quiet start to January, this week we could see the pound strengthen.
As Parliament returns after the Christmas break this week. Many expect to see new levels in sterling positions. Even though there is ever present uncertainty still over Brexit and a mixed economic picture.
Brexit talks in December which lead to a breakthrough helped the pound to end 2017 up almost 10% against the euro. The dollar continuing to weaken in 2018. Still, as the market faces a crucial 10 months of Brexit talks before an October target to reach a trade agreement with the EU, domestic factors will also be key.
Many seem confident of progress by March, even as it takes in the EU summit. The next couple of months are likely to be the calm before the storm.
On the data front, manufacturing and industrial production growth are expected to slow year-on-year, which could weigh on the currency.
Sterling was unchanged against the dollar trading at 1.352 this morning. The Pound rose against the Euro to 1.1280.
Data to look out today.
10:00 Eur Euro – zone Retail sales.
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| Day | Time | Currency | Event |
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| MON | 07:00 | EUR | EUR German Factory Orders (MoM) | MON | 07:00 | EUR | EUR German Factory Orders n.s.a. (YoY) | MON | 08:30 | GBP | GBP Halifax House Prices (MoM) | MON | 08:30 | GBP | GBP Halifax House Price 3Mths/Year | MON | 09:30 | EUR | EUR Euro-Zone Sentix Investor Confidence | MON | 10:00 | EUR | EUR Euro-Zone Consumer Confidence | MON | 10:00 | EUR | EUR Euro-Zone Retail Sales (MoM) | MON | 10:00 | EUR | EUR Euro-Zone Retail Sales (YoY) | MON | 10:00 | EUR | EUR Euro-Zone Economic Confidence | MON | 10:00 | EUR | EUR Euro-Zone Business Climate Indicator | MON | 10:00 | EUR | EUR Euro-Zone Industrial Confidence | MON | 10:00 | EUR | EUR Euro-Zone Services Confidence | MON | 16:30 | USD | USD U.S. to Sell USD48 Bln 3-Month Bills | MON | 16:30 | USD | USD U.S. to Sell USD42 Bln 6-Month Bills | MON | 17:40 | USD | USD Fed's Bostic Speaks on Economic Outlook in Atlanta | MON | 18:35 | USD | USD Fed's Williams Speaks at Inflation Targeting Conference | MON | 20:00 | USD | USD Consumer Credit | MON | 21:00 | USD | USD Fed's Rosengren Speaks at Inflation Targeting Conference |
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*These are indicative rates only, based on interbank prices at the time of writing. For exact rates please contact our dealing team
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