Last trading week was quite modest for the incoming data. A few more interesting developments came only from the UK and the US.
Read on to keep up to date!
GBP
On Thursday, the Bank of England raised its base rate by 25 basis points, as expected.
USD
On Wednesday, the market focused on the incoming inflation data from the US, which was rather negative for the US dollar.
And what's in store for the current trading week?
We do not expect any central bank meetings this week. The market's attention will be focused mainly on Tuesday's labour market data from the UK, due at 8am.
Sources:
