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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 / 19 May 2015 at 12:25 GMT

Beecroft: You should be concerned about UK deflation and here's why

Nick Beecroft
The UK is in deflation for the first time in more than half a century. Chairman of Saxo Capital Markets, Nick Beecroft, says the negative message was reinforced by the core inflation figure which disappointed at 0.8%. He says this proves that it's about more than just falling energy prices and food. He says the Bank of England should be cautiously concerned about it.

Beecroft confirms that the UK is unlikely to see an interest rate rise anytime soon with mid 2016 expected to be the earliest.

The pound fell around 0.7% against the dollar after the data was released. Nick expects cable to fall lower with 1.40 possible within the next few weeks.

Sterling was up against the Euro but that was partly down to the ECB's announcement that it will increase the pace of its bond buying programme ahead of the summer. Nick believes GBP will continue to outperform EUR.

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