GBP

The Bank of England unsurprisingly left interest rates at
the historic low of 0.5% yesterday as well as keeping the current stimulus
program at £375bn. Also there was no following statement made by the central
bank.

As a result there was much muted reaction in the markets on
the pound.

USD

GBP

The Bank of England unsurprisingly left interest rates at
the historic low of 0.5% yesterday as well as keeping the current stimulus
program at £375bn. Also there was no following statement made by the central
bank.

As a result there was much muted reaction in the markets on
the pound.

USD

The US dollar continued its slide yesterday despite the
better than expected job data which showed that the number or people filing for
jobless claims fell by 25,000 last week.

The US dollar continued to be under pressure following Wednesday
minutes from the Federal Reserve where the central bank dampened expectations
of an interest hike occurring any time soon.

Key Announcements:

13.30pm – USD – Producer Price Index (Mar): Expected to
increase to 1%.

14.55pm – USD – Reuters/Michigan Consumer Sentiment Index
(Apr): Expected to rise to 81.