Sterling faces quiet day on the market – exchange rate update and forecast for the week ahead

The Pound faces a fairly quiet day on the markets today as there is little data due out for the U.K and generally accross the globe.

Those with an upcoming requirement may wish to be aware that over night sees the release of BRC Retail Sales Data at 00:01am which could potentially see large Sterling movement and market volatitity overnight, leading to either a nice surprise or nasty shock whilst eating  your cornflakes.

We also see some inflationary and trade balance data out in the morning at 09:30am which will once again be important for the U.K and indeed the Pound.

Personally unless any surprises pop up I feel this week will be better for the Pound and we could see some gains (albeit minor) against the vast majority of major currencies.

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