A positive week for Sterling

Following the drama of the last couple of weeks, the last five days have been relatively quiet on the economic front. There were no major economic releases coming out of the UK.

Over the course of the week, we’ve seen the Pound slowly gain ground against both the Euro and the Dollar. This is in a large part due to the weakening of the USD and also due to the ongoing positivity generated by the Autumn Statement.

Next week we’ll see unemployment and GDP figures out of the US which could have an impact on the markets as well as inflation figures in the Eurozone’s largest economy- Germany.  These could have an impact on the markets.

Once again, there are set to be no major UK economic announcements next week (or the week after.) We’ll have to wait until the w/c 12th of December for our next glimpse into the state of the UK economy.

Want to recieve The Friday Update straight into your inbox?

Previous updates...

UK braced for next week’s big Budget Statement

UK braced for next week’s big Budget Statement

It’s been a mixed week for the markets.  This morning saw the announcement of new GDP figures which showed the UK economy had contracted by 0.2% in the last quarter, pushing the UK ever closer to officially being in recession. It’s worth noting that the Bank of England already believes…

Biggest UK interest rate hike in decades

Biggest UK interest rate hike in decades

The news this week has been dominated by interest rate hikes across the West. On Tuesday, the Royal Bank of Australia announced a 0.25% increase taking their rate to 2.8%. This was followed on Wednesday by the US Fed who raised their rates by 0.75% to 4%. Finally, yesterday the…

Markets react positively to Rishi Sunak as Prime Minister

Markets react positively to Rishi Sunak as Prime Minister

It’s been a whirlwind few days again in the UK as we were introduced to our third Prime Minister this year!  On Tuesday, Rishi Sunak walked through the famous door of Number 10 and set to work appointing a new government of equal parts continuity and change. In his first…

1 2 3 4 … 14

Discover more from Finseta

Subscribe now to keep reading and get access to the full archive.

Continue reading

Sonny Hellmers

Senior currency specialist