Bank of Canada raises rates by 50 bp to 1.50% in bid to tackle inflation, signaling that borrowing costs will need to rise further and that the bank is prepared to act more forcefully if needed.

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Non-farm payroll figures are highly anticipated by forex traders. Find out how they affect trading.

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When the US session overlaps with the London session it is considered the most liquid period of the day.

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In the absence of high impact UK data, we turn to the US for insight into GBP/USD price action. A whole host of Fed speakers, ISM data and NFP data ahead

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EUR/USD may be making a turn lower after growth prospects were muted by the Russian oil embargo, while key ECB and Fed speeches are expected later today.

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