Currency Note Sterling

Sterling starts the week quietly

By Ricky Bean April 21st, 2015

A quiet start to the week as there was very little UK data out yesterday. This is expected to continue for most of this week – although the minutes of the last Bank of England meeting are out on Wednesday. These will be very carefully scrutinized not least for any signs that they could be contemplating an interest rate cut, almost unthinkable of just a few months ago, but now a possibility given 0% inflation.

However, with the general election looming fast, the markets and investor confidence will also be heavily affected by the polls – especially as the voting is expected to go straight to the wire and the various permutations of who could hold power seem to be infinite!