XE Market Analysis: Surprise Spike by Pound

OVERVIEW Germany’s central bank expects growth to be “significantly stronger” in the current quarter, boosted by manufacturing after the temporary slowdown in the summer.  Vice-Chair of the Federal Reserve, Stanley Fischer indicated that long-term US interest rates will likely remain “low” as there is room for employment growth to continue running above the long-run trend. UK Prime Minister Theresa May hinted at being open to a transitional agreement with the EU when the two-year formal divorce period ends. HIGHLIGHT The Pound jumped one percent against the US Dollar at around 13:30 GMT with no apparent catalyst to cause the jump…

Source: XE news feed
XE Market Analysis: Surprise Spike by Pound