Sterling is once again top of the class but will this continue for the next week? On balance you would have to favour sterling over most currencies but with so much data this week there is always the possibility rates could take a hit. Monday is a very quiet day but here is a quick snapshot of important news for the pound this week.
Tuesday we have a wide range of economic data notably CPI (Consumer Price Index) relating to Inflation. This has not been the biggest driver of GBP moves but could lead to some movement as it outlines how necessary or not an interest rate hike is by the Bank of England (BoE).
Wednesday is a much more important day for the pound with the BoE Minutes and Retail Sales figures released. On balance I would probably favour GBP strength off the back of this data, if you are selling a currency to buy sterling moving before this data may be wise. please contact me Jonathan on [email protected] for more information.