Morning Update – Preparing for a damp squib

We may have to eat our words tomorrow morning so here it goes….

GBP

So we’ve only got an interest rate decision today as the press conference has been cancelled. Taking into account interest rates were put up last month and Carney has just extended his term we are expecting no surprises. We look forward to saying I told you so tomorrow (fingers crossed!)

EUR

More excitement and anticipation surrounding the ECB meeting today. Rumours in the market that the ECB policy makers will trim their growth forecasts today. However as mentioned in previous blogs the EUR has been classed as a safe haven and Jean-Claude Juncker is reinforcing this stance calling for the Euro to “challenge the dollar as the world’s leading currency.”

USD

CPI figures are released today, but as mentioned in yesterdays blog expect the hurricane to impact the next raft of figures in October.

Have a good day

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