"Today’s release of employment data for January is unlikely to have any significant effect on the market, since jobs data has now settled into a range that is positive but not dramatically so.

Average earnings remain steady well below 4%, but that may change when public sector bargaining begins.

The release of inflation data tomorrow will more likely see a reaction from traders. It is expected that inflation will have only risen slightly in January as signs that price rises are beginning to moderate are seen.

However, the price of fuel at the pump reached another record high yesterday as the tensions in Ukraine pushed prices higher.

Petrol averages 151.2 pence per litre, while diesel peaked at 151.57. This is marginally higher than the price that was seen last November, immediately before the price began to fall.

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Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.