Rational Thinking: Sterling Surges After Constructive Talks

Last Week

  • GBP had a volatile start to the week.
  • Concerns grew as EU’s response to PM’s new deal was not promising.
  • Breakdown in talks as Angela Merkel demands to keep NI in Custom Unions.
  • Sterling recovered slightly as Johnson held emergency talks with Irish PM.
  • GBP rallied after Irish and UK PMs agree ‘they can see a pathway to a possible deal’.
  • Sterling surged to a three month-highs on Friday.

Week ahead:

  • Bank of England Governor Mark Carney speaks.
  • Consumer Price Index year on year.
  • Retail Sales month on month.


  • Core Retail Sales month on month.
  • Retails Sales month on month.