Daily Report
Daily Report: 22nd October 2021
GBP Sterling showed little reaction to an unexpected drop in retail sales in September, trading in tight ranges against both the dollar and the euro. The official figures showed sales decreased by 0.2% last month, bucking economist’s predictions of a 0.5% rise. Newly installed Chief economist at the Bank of England Huw Pill, in his maiden interview with the Financial Times has said that the decision to raise interest rates at next month’s meeting is “finely balanced“ adding, “I think November is live“. Pill also said that consumer price inflation is likely to be “close or even [...]
Previous Daily Reports
Daily Report: 21st October 2021
GBP After reaching its highest levels in 18 months against the euro once again yesterday afternoon, sterling has lost some ground against the single currency in early trading but remains steady against the dollar. Data released this morning showed UK public borrowing falling by around half in [...]
Daily Report: 20th October 2021
GBP UK inflation slowed unexpectedly last month, but the slight decline is not expected to deter the Bank of England from raising rates, possibly as soon as next month. Consumer prices rose 3.1% in annual terms in September, easing back from 3.2% in August. However, the Office [...]
Daily Report: 19th October 2021
GBP The pound has opened on the front foot against a broadly weaker dollar trading at a monthly high after gaining 0.4% in early trading. Against the euro it is trading largely unchanged from yesterdays close. The prospects of a December interest rate hike by the Bank [...]
Daily Report: 18th October 2021
GBP GBP opens positively, largely holding onto last week’s gains against the EUR and the USD. Sterling hit 20-month highs against the single currency in Friday’s afternoon session and has maintained its 1-month highs against the dollar. The Bank of England's hawkish policy outlook and renewed Brexit [...]
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