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Weekly Forecast: 22nd Jan 2018

Hi everyone,

As expected Sterling had a good week across the board, dropping against only 1 of the top 20 major currencies and despite releasing poor retail sales figures for December.

It's a pretty quiet week data-wise for the Pound with Wednesday the only real day of interest. Wage growth has been falling behind inflation for a while now and needs to pick up, could this be the month of a string rise? Unemployment is expected to remain at record levels and £-€ rates could remain at current levels in the 1.13's.

All eyes will be on President Draghi Thursday and Governor Carney Friday, both speaking about their retrospective economies. Whilst the US government is still in shutdown after spending and funding issues. £-$ rates are very favourable at the moment and we may hit 1.40 this week if this carries on.

Today's report was brought to you by Excel Currencies

The contents of this report are for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. The author(s) cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

Converter Rate Alerts
GBPCAD 1.76127    EURUSD 1.23229    EURAED 4.52882    EURGBP 0.88122    GBPZAR 16.40710    GBPUSD 1.39595    GBPEUR 1.13072    GBPCHF 1.30441    GBPAUD 1.76935    GBPAED 5.13022    GBPNZD 1.89969    

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