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GBP back to 1 year peak

GBP back to 1 year peak

Last weeks UK retail figures gave the market a real surprise with an unexpected rise in retail sales. As we start the new week GBP is still riding high on this news.

Today will be a very light day of trading with the US closed for Martin Luther King Day.

As such we look ahead to the weeks big events:

Tomorrow we have the German ZEW survey which measures the institutional investor sentiment, reflecting the difference between the share of investors that are optimistic and the share of analysts that are pessimistic. A below expectation/negative reading could have a real impact on Euro.

Wednesday is then a pretty busy day for UK data with the Bank of England minutes being released and unemployment update (remember the BoE governors forward guidance uses the unemployment figure as a waypoint).

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