Rational Thinking: Sterling falls to 2-…

Last Week
GBP:

  • MPC members vote to cut rates.
  • Policy ease in event of disorderly Brexit.

USD

  • China and US may remove tariffs.
  • US may drop levies on EU vehicles.

EUR

  • German import/exports beat forecasts.
  • Trade data fails to lift euro.

Week ahead:
USD

  • Trump to speak on trade policy.
  • Powell to testify in Capitol Hill.

GBP

  • Data heavy week ahead.
  • 0.3% Q3 economy growth.
  • Positive data favours Tories.

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