Could Eurozone trade data drag euro down?
EUR exchange rates may come under renewed pressure this morning if January’s Eurozone trade balance weakens as forecast.
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EUR exchange rates may come under renewed pressure this morning if January’s Eurozone trade balance weakens as forecast.
As Parliament voted in favour of seeking a delay to the Brexit deadline the pound struggled to return to a stronger footing.
The pound pushed higher overnight as UK MPs voted to rule out a no-deal Brexit, encouraging a sense of market optimism.
The pound returned to a stronger footing this morning, in spite of MPs voting down Theresa May’s revised Brexit proposal.
Fresh gains could be in store for the pound this morning if January’s UK gross domestic product data shows an improvement on the month as forecast.
After Friday’s disappointing jobs data the mood towards the US dollar has soured, even as the unemployment rate improved.
Confidence in the Canadian dollar may falter this afternoon if February’s labour market data fails to show signs of tightening.
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