Sterling had a mixed day yesterday, strengthening against the majority of currencies in the morning before weaker than expected unemployment data halted the rally. Sterling was particularly strong against the New Zealand Dollar and Australian dollar reaching close to two month highs against both currencies. Data released showed that more people were claiming unemployment benefits than economists had anticipated. There is not much data released today; but, the markets have the potential to move very fast; so call in now for the latest news and a live quote.

The euro traded in a similar pattern to sterling yesterday; however, remained weak against sterling and the US dollar. The euro zone finance ministers finally formally agreed the second bailout for Greece after all national and parliamentary approvals were completed. The European Central Bank’s monthly bulletin is the only significant release today as the markets look to the US for influence; so call in now for the latest update and the latest news.

The US dollar had a strong day yesterday as news of the successful Bank stress tests created a positive sentiment in the world's largest economy that the banks are now in a position to cope with another financial crisis should it occur. A raft of data is released from the US today including more unemployment figures and the Producer Price Index (PPI). All the data releases has the potential to create volatility in the market so call in now for the latest update and the latest news.

Elsewhere, the commodity backed currencies had a poor day yesterday with the New Zealand Dollar and Australian dollar the worst performers. The Official bank rate for Switzerland will be announced first thing this morning with no change expected; however, the statement that follows should shed some more light on the central banks position on the €1.20/Chf1 peg that is still under threat. Call in now for the latest update and the latest news.

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