The pound entered the new month marginally weaker (0.4%) than the start of October, but largely unchanged for the past fortnight.
Several members of the MPC will be talking today in the wake of the Bank’s decision to hold interest rates at a 15-year high for the second month. These include Huw Pill, the BoE’s chief economist and inventor of the Table Mountain analogy for keeping interest rates high for an extended period. It will be interesting to see if he develops that argument.
There are some reports coming out for more expensive purchases in the early part of next week, with new car sales on Monday and house prices on Tuesday. The big event of next week will be GDP on Friday, however.
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