Sterling: the big-picture view

Sterling had a lot to contend with last week in terms of both data and policy makers' comments. Ex-Monetary Policy Committee (MPC) member De Anne Julius said on Tuesday (October 15) that the UK should cut rates to deal with the threat of deflation. But inflation data came in that day -- higher than expected -- indeed core service sector inflation is running at 6%.

Adding to the mix were reports that Bank of England Governor Edward George had suggested UK rates had troughed, followed by report

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: