Sterling stabilised ahead of BoE meeting
Quote of the day: “The expert in anything was once a beginner”
January 14th: Highlights
- GBP stops the slide ahead of BoE meeting
- USD poised to benefit further from policy divergence
- Crude drops below $30 – first time in 12yrs.
- US / Asian markets sell-off
Sterling Comment
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Global Comment
Sentiment took another knock yesterday as crude slipped below $30 per barrel for the first time in 12yrs. Wall Street and Asian markets have seen significant selling pressure and when we add in the terrorism in Jakarta, the markets may well be a little jittery today.
Eurozone industrial production missed forecasts, posting -0.7% (Vs. -0.2%), but this wasn’t enough to push trade out of the current range, where it drifted for most of the day. Focus is now on the Eurozone meetings, but keep an eye on the sentiment for global stocks as this will likely play a role as the day develops.
Have a great day!
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