One day closer…

…to the Fed policy meeting and potential tapering, not Christmas! Remember the big event of this week is tomorrow’s (Wednesday’s) Fed policy meeting – at 7pm UK time.

 

As you read this there is a glut of UK data being released, including consumer price index data. This is swiftly followed by the Eurozone’s equivalent CPI figures and the significant ZEW sentiment survey from Germany – as such we expect a choppy start to the day for GBP/EUR.

 

Elsewhere the Riksbank in Sweden has cut its main interest rate by 0.25% to 0.75%. As a result we have seen a small bounce in GBP/SEK.