020 7898 0500Sterling fell further on Friday amidst renewed risk aversion, and a growing belief there is no chance of a UK interest rate hike in 2016. After falling through key support levels earlier in the week, sterling fell to a five-and-a-half month low against the US dollar and a twelve-month low against the euro on Friday.
A quiet start to the week with no key economic data set to be released from the UK today. Tuesday sees the release of UK inflation data throughout December. The latest jobs report will follow on Wednesday, with investors focusing primarily on the change in the number of people claiming unemployment benefits, and the latest average earnings figures. Friday’s retail sales figures will wrap the week up, with markets looking for sales volumes to bounce back from a disappointing 0.1% contraction throughout November.
