Rational Thinking – GBP approached two year lows

Last Week
GBP:

  • GBP approached 2 year lows
  • Mark Carney warned British banks should hold enough capital to cope with a no deal Brexit

USD:

  • Strong Non-Farm Payroll figures caused Dollar Bull Run expecting US rate hike
  • Jerome Powell however cited likelihood of interest rate cuts

EUR:

  • IMF Report released citing further stimulus needed
  • Report predicted inflation to remain far off ECB 2% target till 2022

Key Announcements
GBP:

  • Average earnings
  • Core CPI YoY
  • CPI YoY
  • Retail Sales

USD:

  • Core Retail Sales
  • Retail Sales

EUR:

  • Final CPI YoY
  • Final Core CPI YoY