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Playlist: GBPEUR

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3:11
Dollar selloff and BoE tomorrow — #SaxoStrats
John J Hardy
02 August 2017 at 14:14 GMT
1:12
Collins: Sterling and a tale of two pairs
AlanCollins
20 January 2016 at 7:06 GMT
2:53
Pope: How I'm trading GBP amid rate rise chatter
Stephen Pope
22 July 2015 at 11:29 GMT
3:11
Beecroft: Why I'm optimistic about UK Plc
Nick Beecroft
13 May 2015 at 13:18 GMT
1:48
Brooks on Sterling: Why GBP could go either way
Owen Thomas
08 May 2015 at 11:48 GMT
3:11
Beecroft: Sterling on for a pre-election budget bounce
Nick Beecroft
13 March 2015 at 10:02 GMT
2:34
Beecroft: Is now the time to buy GBP?
Nick Beecroft
08 January 2015 at 14:59 GMT
2:43
Beecroft: Why I’m sticking to sterling
Nick Beecroft
20 November 2014 at 7:19 GMT
2:23
Beecroft: Why I'm buying the pound and selling the euro
Nick Beecroft
24 October 2014 at 14:39 GMT
2:48
Beecroft: Bank of England has spring in its step
Nick Beecroft
08 October 2014 at 12:17 GMT
1:37
Sterling: What you need to know this week
Alex Forrest Whiting
08 September 2014 at 9:51 GMT
Video / 13 May 2015 at 13:18 GMT

Beecroft: Why I'm optimistic about UK Plc

Nick Beecroft
Two key reports out in the UK this Wednesday - the Bank of England's inflation report and the Office for National Statistics' Employment figures. 

First to the employment numbers and Nick Beecroft, Chair of Saxo Capital Markets, says the key takeaway is the improvement in average wage earnings which have beaten expectations. Unemployment is also down although productivity hasn't moved much.

Sterling has been in a honeymoon period since the UK election. Nick says the BoE's quarterly inflation report suggests the idea of a rate cut has all but disappeared and that should help GBP. He thinks it can appreciate against the Euro and says it could visit 0.7 in EURGBP. But he believes the US dollar is likely to strengthen and this could affect Cable. He says GBPUSD could be under 1.50 or 1.45.

Nick has also suggested that the FTSE could move about 8,000. He thinks that a 10% rise is still a possibility although UK companies are now more at the whim of international markets. 

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