020 7898 0500Sterling traded in a very tight range as the calendar was pretty lacklustre.In truth, so much has happened during the past few weeks, it was probably time for the pound to take a breather.
The only point of note was that Theresa May attended the EU summit with Brexit one of the topics of discussion. However, because of the recent events at home and in Europe, security was a far bigger topic.
Following contradictory views from the Bank of England Governor and its Chief Economist regarding UK interest rates, the markets will be keeping a close eye on the Monetary Policy Committee speakers and what they have to say. Overnight, MPC member Forbes was speaking, but her views are known to the market as she voted for a hike last time around. The impact was limited because she’s due to leave the MPC at the end of the month.
The docket is light today, but any Brexit news or developments could move the currency.
