Fri, October 19, 2018
Sterling could be in for a big drop if the U.K. crashes out of the EU in a disruptive Brexit, according to a deputy governor of the BOE.
The pound is being driven by negotiations with the EU, with its current value reflecting several possible outcomes. That means large swings are possible once the outcome becomes known.
As talks in Brussels on Wednesday failed to break the deadlock, Theresa May is considering extending the transition period after formally leaving the EU in March. EU leaders decided that not enough progress had been made so far to call a summit to sign a divorce agreement in November
Sterling fell to $1.30172 against the dollar. The pound weakened against the euro to 1.134.
Data to look out today.
15:30 GBP BOE Governor speak in New York.
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| FRI | 08:00 | EUR | EUR Euro-Zone Current Account s.a. (euros) | FRI | 08:30 | GBP | GBP PSNB ex Banking Groups | FRI | 08:30 | GBP | GBP Public Sector Net Borrowing | FRI | 08:30 | GBP | GBP Central Government NCR | FRI | 08:30 | GBP | GBP Public Finances (PSNCR) (Pounds) | FRI | 14:00 | USD | USD Existing Home Sales | FRI | 14:00 | USD | USD Existing Home Sales (MoM) | FRI | 15:30 | GBP | GBP BOE Governor Carney Speaks in New York | FRI | 16:00 | USD | USD Fed's Bostic Speaks on Economic Outlook | FRI | 16:45 | USD | USD Fed's Kaplan Speaks in New York | FRI | 17:00 | USD | USD Baker Hughes U.S. Rig Count |
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*These are indicative rates only, based on interbank prices at the time of writing. For exact rates please contact our dealing team
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| 28 | 29 | 30 | 31 | 1 | 2 | 3 |
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