News

News

Monday 15th January 2018

Good morning

 

A quiet day today data wise with the US enjoying a bank holiday celebrating Martin Luther King Day.

 

GBP/USD has shot up to an 18-month high of almost 1.38 with EUR/USD trading around 1.2260 and GBP/EUR just below 1.1250.

On Wednesday the Bank of Canada is expected to raise their rates by 0.25% to 1.25% with further increases later in the year. The markets have already prices this weeks’ move in.

 

Have a great week and stay dry - rain wise!

 

CENTRAL BANK AND LIBOR RATES

UK: 0.75%
US: 2.00%
EU: 0.00%

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