Archive | October, 2015

Market Report: October 2015

The pound has dropped to a four and half month low and is testing 1.51 against the US$, mainly due to poor US data, and the likely holding of US interest rates for the time being. This is because most people expect the Bank of England to wait and follow the Federal Reserve’s move, so every delay in an upward movement for the US$ negatively impacts on Sterling.

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