Monday 23rd April 2018

Good morning


Sterling lost some of its ground Friday on the back of weaker than expected UK data.


This fuelled further doubt that the Monetary Policy Committee will now not raise UK rates at the next meeting in May.

GBP/USD slipped to a 2-week low of 1.40 with GBP/EUR also briefly touching a 3-week low of 1.1375 before making a slight recovery.


The EU have their interest rate decision on Thursday – expect them to be unchanged (for now).


Have a great week.