Sterling fell across the board yesterday, in a key week for central bankers at home and abroad. However it has since partially bounced back.
The only data releases yesterday were mortgage approvals, which fell to almost 67,000 in September from 74,000 in August. The Bank of England’s consumer credit data showed an increase by £0.745bn in September, around a quarter down on expectations.
The big event of the week is of course the interest rate decision on Thursday, with current expectations of a 75 basis point rise to 3%. However, a 50 point rise is certainly possible, with the monetary policy committee in a three-way split last time around.
GBP/EUR past year
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