Last quote by Dominic Bunning
Dominic Bunning quotes
We don't think the move in the fix was notable when you look at it in context to the offshore market. It's still around the 6.70 area; it hasn't aggressively broken through.
The pressure has been on Trump in the past few days and that's coincided with a move down in dollar/Mexico.
When you think about how little hiking has been priced in and, to some degree, even (rate) cuts, then is another bit of softer data really going to make a huge difference? The bias of the market is already short sterling and is already looking for the Bank of England to remain very dovish.