The pound has started today up against the euro, with positive retail sales forecast for later today. There was a slight drop earlier yesterday, as euro reacted positively to a relatively harmonious ECB meeting, with little sign of previous disagreements.
Positive data from the US also helped to strengthen the dollar, particularly following the agreement of the phase one trade deal with China.
However, although it was a largely positive day yesterday, no-one can predict exactly where any currencies are going. The European Central Bank’s Governing Council yesterday warned that signs of stabilisation in the economy will not ‘lower uncertainty’, and we can only agree.
Our latest quarterly forecast shows exactly how unpredictable the coming months are. There is an enormous gap between different banks’ predictions – and, as our analysis shows, there is a lot on the political horizon, as well as economic, that could impact the markets.
Download your free copy today to find out what factors to look out for, and how you can control them.