The Bank of England held interest rates steady yesterday, but the main story in some ways was that two policymakers voted again for a cut. This has raised worries that we may see a cut in the future, and the pound weakened on the back of it. Sterling is also still feeling the pressure ahead of a vote on the Brexit Withdrawal Agreement Bill, which will take place later today.
Meanwhile, it’s been a positive start to the day in the eurozone, with Italian consumer and business confidence coming in positively. Interest rates are also under discussion here, however, as ECB research showed the bank could still theoretically cut its rate lower.
The dollar was relatively muted on busy day for US politics, as the House of Representatives voted to impeach Donald Trump. Today, we will see some important figures, including GDP growth data.
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