Market Comment - 19th December 2022

December 19, 2022
Market Comment - 19th December 2022

Good morning,

Pound rates start the week much as they finished on Friday. After the general downturn for the Pound on the back of the Bank of England news last week rates seem to have stabilised. Against both the Euro and the Dollar a bottom appears to have been found. With very little scheduled news today it's perhaps a news story that might move things.

The early hours of tomorrow sees the Peoples Bank of China and the Bank of Japan release their interest rates.

Other than that the business news continues in the same vein being strikes and the cost of living in the run up to Christmas.

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Today’s Economic Calendar

CHN: Tuesday 01:15 PBoC Interest Rate Decision

JPN: Tuesday 03:00 BoJ Interest Rate Decision

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

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