Home > Resource Hub > Daily Market News > Sterling Starting The Week Strong

Sterling Starting The Week Strong

Sterling Starting The Week Strong

Sterling starts today attempting to recoup some of the losses from last week, data wise there does not appear to be much to move the market until the release of some economic figures from Wednesday. However, new Health Secretary, Sajid Javid – who took over following Matt Hancock’s resignation is expected to brief MPs today on the potential for the ending of lockdown restrictions on July 19th. 

Whilst the number of cases in the UK continues to grow steadily, the success of the vaccination programme has led some Tory backbenchers to urge for lifting of restrictions as of July 5th. As has been the case for the last year, if the UK restrictions begin to ease that should give the Pound a boost. Over 80% of UK adults have now had one jab and almost 62% have had both.

Today is very light in terms of potential market moving data, with most of the heavy hitting figures coming out later in the week. UK GDP figures and the US jobs data on Friday are the major highlights, some of the rest are outlined below. All these events obviously are overshadowed by the importance of the Three Lions last-16 game versus Germany on Tuesday afternoon. Good luck to Gareth and the boys.

 

Monday: Germany import prices.

 

Tuesday: Germany CPI; UK M4 money supply, mortgage approvals; US house price index, consumer confidence.

 

Wednesday: China official PMIs; UK GDP final, current account; France consumer spending, CPI; Germany unemployment; Eurozone CPI; Swiss KOF, Credit Suisse economic expectations;Canada GDP, IPPI and RMPI; US ADP employment, Chicago PMI, pending home sales.

 

Thursday: New Zealand building permits; Australia balance; Japan Tankan survey, PMI manufacturing final; China Caixin PMI manufacturing; Germany retail sales; Swiss CPI, retail sales; Eurozone PMI manufacturing final, unemployment rate;UK PMI manufacturing final; US jobless claims, ISM manufacturing.

 

Friday: Japan monetary base; Eurozone PPI; Canada building permits, trade balance; US non-farm payroll employment, trade balance, factory orders; Canada PMI manufacturing.

Share this case study
Set yourself up in minutes, make payments the same day: it’s free, easy and without obligation.