Market Comment - 8th November 2021

Posted by Stuart PritchardNovember 8, 2021

Good morning,

The Pound seems to have found a bit of stability against the Euro after the rout following the interest rate decision. The short term momentum is to the downside although the rate is currently mid range over the longer term view therefore it's a bit of a coin toss which direction it will go next.

Against the Dollar the rate is closer to the longer term bottom and is closer to the 12 month low. We will be keeping a close eye on this as we go through this week.

In terms of data there's not much out today. The British Retail Consortium (BRC) release their retail sales data at midnight but other than that there's not much to report.

As ever we look forward to keeping you in the loop and look out for our next update.

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Today’s Economic Calendar

UK: Midnight BRC Retail Data

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