As questions build around the Chancellor’s approach, upcoming Eurozone and US releases are set to steer FX markets.
Latest market insights:
Following last week’s Budget, scrutiny continues. The Chancellor is now facing criticism for the way the fiscal picture was presented ahead of the announcement, raising questions about whether the public was adequately prepared for the tax rises that followed. This debate is likely to stay in focus, and we’ve already seen the pound give back some of its gains since Thursday.
Looking ahead: Key data to watch
Eurozone: On Tuesday, the latest inflation figure (CPI) and October’s unemployment rate will be released. Both will give a clearer picture of how the Eurozone economy is tracking as we head into year-end.
United States: After weeks of delays caused by the government shutdown, US data releases are back on the agenda.
- This afternoon: November manufacturing data.
- Wednesday: November services data.
These updates will help gauge the underlying strength of the US economy, two indicators that can influence currency movements throughout the week.
If you’re planning to send money abroad and want to understand more about how news from around the world could impact your budget, contact Lumon on +44 (0)204 506 5672 for a free, no-obligation conversation and discover what options you have available to help.
