It has been a better week for the pound, which has strengthened after signs that Brexit talks are progressing to the point where there may be an agreement on the divorce bill.
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Euro weekly market report - 1st December
1. Euro Weekly Market Report- 1st December 2017
It has been a better week for the pound, which has strengthened after signs that Brexit talks
are progressing to the point where there may be an agreement on the divorce bill. With this
obstacle out of the way, attention may turn to future trade deals. The pound has
strengthened on the news, although its outlook relies somewhat on the crunch talks mid-
December to see if this current sentiment can be maintained.
While the pound has won back some gains against the euro this week, the bigger picture is
that the euro has gained 3% on the pound and 15% on the US dollar 2017. It’s not all plain
sailing, however; the economy may be improving but as the figures released this week
shows, that doesn’t guarantee that inflation will immediately fall into line. Unemployment
dropped unexpectedly from reports this week, down to just 8.8% in October, the lowest in
almost nine years. Yet November inflation edged up to just 1.5%, missing the 1.6%
prediction, and underlying price pressures failed to pick up at all
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