020 7898 0500Sterling spent last week moving sideways against the euro and weakening against the US dollar. The week ahead contains plenty of economic data releases for investors to get their teeth into and should be very helpful in determining the effect that worries over a Brexit are having on the UK economy.
Consumer inflation figures will be released tomorrow for the month of April, and are forecast to show inflation maintained at 0.5%. Labour data will follow this on Wednesday, with average earnings growth of 1.6% expected to have slackened off slightly when compared to the March figures of 1.8%. Unemployment should remain at a 10-year low of 5.1%, and any deviation from this figure could result in market movement. Retail sales figures will round off the week on Thursday, with a strong recovery expected of 0.3% growth throughout April, following on from the weakest reading in two years throughout March of -1.6%.
If you are looking to buy or sell sterling, we suggest contacting your trader now for live rates, news and currency-purchasing strategies.
