020 7898 0500It was no surprise on Monday morning to see Sterling weaker against the US dollar after the weekend’s announcement from the FBI surrounding the Hilary Clinton email saga. The announcement so close to the election could be pivotal ahead of voting today. Last week, the US dollar weakened against all the major as speculation grew that an upset was on the cards.
Meanwhile, annual house price inflation in the UK is now at its lowest rate since July 2013, according to Britain’s largest mortgage lender, the Halifax. It fell to 5.2% in the year, down from a peak earlier in the year of 10%; however, given the economic and political uncertainty it wasn’t much of a surprise.
This morning UK manufacturing is due to hit the wires; but without doubt the focus will be on the US Presidential Election between Clinton and Trump. A result could be determined as early as 4am GMT. Enhanced volatility is expected throughout the late afternoon and evening as exit poll results and official results feed through.
