A look at the Central Banks and their policy choices, again, dominated the currency markets last week and will continue towards their next meetings.
Last week will go down as the week when central banks finally woke up to the threat of inflation and started to move to try and contain it.
In the week that Angela Merkel stepped down as Chancellor of Germany – the Central Banks dominated the markets last week with what at times appeared an overload of information emanating from every corner of the globe.
Last week volatility increased sharply in sterling related markets as once again Brexit dominated the headlines and airwaves. With this weekend’s talks spilling over into this week, a renewed sense of optimism returned. Sterling has bounced strongly off its lows as a no-deal outcome seemingly has receded slightly.
