It\u2019s been a pretty quiet week once again for the UK economy.<\/p>\n\n\n\n
There have been no major economic data releases, events or political activity.<\/p>\n\n\n\n
Sterling has to therefore benefitted from a comparatively negative week across the other side of the Atlantic.<\/p>\n\n\n\n
This week saw \u2018worse than expected\u2019 manufacturing and employment data which has had an impact on the standing of USD.<\/p>\n\n\n\n
We have also seen the Fed Chairman deliver a speech yesterday suggesting that interest rate rises would start to slow from December, something the market hasn\u2019t taken particularly well.<\/p>\n\n\n\n
Sterling looks to end the week up three points in value to 1.23, a rate we\u2019ve not seen since the Summer.<\/p>\n\n\n\n
Against the Euro, Sterling has stayed pretty much at a similar level with no real movements either way.<\/p>\n\n\n\n
Next week should be relatively calm and quiet as all eyes turn to w\/c 12th December when the Fed, the ECB and the BoE announce their respective interest rate decisions.<\/p>\n","protected":false},"excerpt":{"rendered":"
It\u2019s been a pretty quiet week once again for the UK economy. There have been no major economic data releases, events or political activity. Sterling has to therefore benefitted from a comparatively negative week across the other side of the Atlantic. This week saw \u2018worse than expected\u2019 manufacturing and employment data which has had an […]<\/p>\n","protected":false},"author":221728552,"featured_media":10407,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"{title}\n\n{excerpt}\n\n{url}","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[1375],"tags":[],"class_list":["post-10406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-weekly-update"],"acf":[],"yoast_head":"\n