Sterling has made small losses in early morning trading potentially due to a statement made over the weekend from the TUC saying that they believed unemployment would hit 4 million before the end of the recession.
Personally I believe this is slightly overhyped however it has caused a minor drop in confdence for the Pound in early morning trading.
No major data of note out for the U.K today although there is some employment data due this morning for the Euro Zonewhich may lead to some Sterling/Euro volatility.
This is a brief summary of todays report, should you wish to make a currency enquiry Email Me
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Have a great day and thanks for reading!
Daniel Wright
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