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Sterling Slides as Eurozone Sentiment Improves

As sterling slides against the euro and the US dollar, Michael Hewson considers the key factors along with the latest analysis of the GBP/USD and EUR/GBP spread betting markets. The video looks at:

  • Improving sentiment in the Eurozone – German ZEW at highest level since May 2010
  • The weakening UK outlook
    • Cameron’s speech on Europe
    • Osbourne to miss economic targets
    • Q4 GDP set to contract
    • Poor UK retail sales
  • Bank of England monetary policy – Mervyn King’s comments and the latest MPC minutes
  • Technical analysis of the GBP/USD and EUR/GBP markets

 

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Video content by Michael Hewson of CMC Markets

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