020 7898 0500It was a quiet day in the UK for economic data releases and the political landscape was fairly sedate too, especially considering what a rocky start to the week we have had. Perhaps everyone is now on their best behaviour in anticipation of Trump’s visit to the UK later today.
Sterling weakened against the dollar but was fairly steady against the euro. When we have a scare like the fresh wave of trade tariffs imposed on Chinese imports, investors often look for safe havens to put their money into. The dollar is traditionally a safe haven which is why it performs well during crises such as these.
It is a quiet end to the week for the UK, but after a rocky start perhaps that’s for the best.
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