020 7898 0500Yesterday we learned that Unilever (makers of Marmite and Persil), has chosen Rotterdam over London as its main base. The decision is a bit of a blow to the UK government and, although the Unilever Chief Financial Officer Graeme Pitkethly, said that Brexit had nothing to do with the decision, London’s pride is still a little dented.
It has been a very quiet week for UK economic data and tomorrow is no exception with no releases of note. Next week is a much busier affair and we will see several key releases, including the inflation rate and unemployment rate, and the Bank of England’s interest rate decision.
Back to yesterday, sterling slid a little against the dollar in what was a bit of a volatile day (it had strengthened throughout the day but after lunch fell back), but it strengthened against the euro.
