Josh Mahony from IG sums up the forces driving markets and currencies

Joshua Mahony, market analyst at IG, sums up the forces currently driving currencies and markets here and in the US . As the Euro strengthens, the US dollar is weakening (revaluing?) and Brexit continues to hurt sterling. He says Bank of England Governor Carney ‘is in a tight position right now’ and if oil prices rise and feed inflation the Bank will be forced to raise interest rates. Watch the full interview here.

Malcare WordPress Security