More of the same, or Breakout imminent?

It has been a flat few weeks for Pound, with it trading range bound particularly against the Euro. Indeed, since June of last year we have seen GBP>EUR rate move within around a 4-cent range as Brexit uncertainty amongst other things have left it flat and with a little stage from which to make any movement.

Against the USD again we have seen rates up and down over e last few weeks as it seems a race is on for who will raise interest rates first- the US or UK.

So are we due to see more of the same, or will rates breakout, and if so will that be up or down?

This week is a busy week in the way of data – interest rates will be in the spotlight with speeches from MPC and FED members, and Brexit negotiations remain at the fore of everyone’s minds.

With GBP>EUR rates close to the best they have been since September and GBP>EUR rates, the best they have been since June 2016 (bar a few recent spikes) can you risk taking the chance that we will see rates drop again? Given this has happened numerous times recently at the least you might like to consider splitting your transfer into tranches to split your risk?

Speak to your Currency Index broker today for some friendly and professional guidance on how to try and the most out of your transfer.

Monday 
07.00 GBP House price data
13.00 USD FED Bullard Speech
15.00 USD House Price data
18.00 GBP MPC member Cunliffe speech
21.45 NZD Import, export and trade balance data

Tuesday
10.00 EUR Economic sentiment indicators, business climate, services, consumer and industrial confidence ecostats
13.00 EUR German Harmonized index of consumer prices
14.00 USD House price index data

Wednesday
00.01 GBP Gfk Consumer confidence survey
07.00 EUR Gfk Consumer confidence data
10.00 EUR CPI data
13.30 USD GDP & consumption expenditure
N/A USD Feds Powells Speech

Thursday
06.45 CHF GDP data
09.30 GBP Consumer Credit amd mortgage approvals
13.30 USD Personal consumption expenditure data
N/A USD FED Powells speech
15.00 USD ISM manufacturing data

Friday
09.30 GBP PMI construction data
10.00 EUR Producer Price Index data