Good day one and all and I trust you had a great week-end
The pound continues to march on, as much due to reported M&A demand forcing stops as anything Carney/interest rate related. Best of a bad bunch scenario but difficult to back against it still and perversely supports my long held view in these pages that interest rates need to stay lower for longer in order for any sustained recovery. There will be time enough should it turn.
Data wise we’ve got a thin morning leading into a US holiday for Presidents Day. Highlight will be SNB’s Jordan stepping up to the plate at 15.30 GMT.
Let’s see what unfolds before that.
Have a great session everyone
Economic data 17 Feb