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June 2016

Sterling and Euro up ahead of Brexit vote

Published: Wednesday 22 June 2016

Today Sterling remains the strongest major currency this week. This afternoon Fed Chair Janet Yellen will testify again. However expectation is relatively low on the event as yesterday Yellen acknowledged that recent indicators revealed the loss of momentum in labour markets. Yet she suggested not putting too much weight on recent developments. Little released on the data front as US house price index rose 0.2% month on month in April. Canada retail sales rose 0.9% month on month in April with ex-auto sales up 1.3%.
 
All attention turns to tomorrow’s EU referendum as polls open at 7am GMT. 

Latest FX news by Zeta Webber