Morning Update – I told you so MKII

Morning all

Well turns out yesterday was a non-event other than the US news. Shame really as it’s not nice being right when you’ve anticipated a boring day! We will start with the dollar today for a change…

USD

Weak US inflation data has led the dollar to slip to 6 week lows with the USD already sagging on signs of reduced trade tensions between the US and China. As mentioned yesterday a lot of the media is focusing on the poor weather and hurricane looming. Retail sales data out this afternoon should set us back on course, failing that hopefully back to business next week for the Americans.

EUR

Nothing to report!! No interest rate rise yesterday, no unusual chatter yesterday, business as usual!

GBP

Nothing to report from the BoE yesterday (as expected). Potential room however for an interest rate rise towards the end of the year?

On a different note we don’t usually use the BBC as a source of news however former PM Gordon Brown had some interesting views on our economy:

https://www.bbc.co.uk/news/av/business-45500666/gordon-brown-we-re-sleepwalking-into-the-next-crisis

Definitely sparked a debate in the office, feel free to call and discuss further.

Failing that have a good weekend!

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