| Email not displaying correctly for you? View it in your browser instead. |
|---|
|
|---|
|
Weekly Market Analysis October 30th 2017  |
|---|
|
|---|
|
|
GBP, USD braced for monetary policy meetings, EUR disappointed by QE taper Data last week was largely viewed through the lens of this week’s key UK and US monetary policy meetings. The pound is on strong form this morning, with GBP/EUR rising to €1.1322 and GBP/USD climbing to US$1.3180. It’s all about monetary policy meetings this week for the pound and the US dollar. Read on to discover what the markets are hoping to see from the Bank of England (BoE) and Federal Reserve. |
|---|
|
|---|
|
Today's Rate The rates above are using the British pound (GBP) as the base rate. All rates are for indication purposes only. Prices can vary dramatically based on amount and delivery date. |
|
|---|
| | "The pound started the week on poor form, with signs of weakness from the UK’s industrial sector and car dealerships weighing on the economic outlook."  Transfer 24/7 with our currencies direct app   |
|---|
|
|---|
|
Mixed data weakens pound and undermines hopes of BoE rate hike Sterling seesawed last week, with data both good and bad serving to keep the pound on unsteady form. The prospect of an interest rate hike from the Bank of England (BoE) took a knocking, leaving GBP somewhat unsettled as ‘Super Thursday’ approaches. |
|---|
|
|---|
|
Euro weakens after ECB leaves QE open-ended Some positive data kept the outlook of the Eurozone economy rosy last week, but the latest monetary policy changes were somewhat disappointing. The European Central Bank (ECB) delivered the anticipated tapering to QE, but also signalled that the programme could easily be expanded again if required. |
|---|
|
|---|
|
Economic data keeps rate hike hopes and US dollar high Data last week kept hopes of a December interest rate hike alive, with the US economy continuing to produce evidence of robust health. A general decline in global risk appetite also worked in the favour of USD. |
|---|
|
|---|
|
AUD and NZD get the cold shoulder as markets shun risk A lack of market appetite for risk last week kept the Australian dollar and New Zealand dollars on weak form. Domestic data didn’t impress, either, keeping AUD and NZD underwhelming. |
|---|
|
|---|
|
|
