from the FPA in London here's the latest
on market sterling is in a sticky spot
sinking briefly under one dollar twenty
pyramid and nasty mixes factors
including today's House of Lords debate
on a Bridget process and source
unexpected UK house price gains in
addition retail sales data provided
signs of stress for the so far resilient
UK consumer with non food retail sales
dipping to the first time since 2011
that all comes just as the dollar is on
the up bolstered by increasingly firm
expectations that the US will raise
interest rates again as soon as this
month all in all it's a bad mix on the
plus side this could deliver a boost to
UK stocks which tend to benefit from a
weaker currency meanwhile currency
reserves across some of Europe's smaller
and maureesa tarek markets are in focus
Switzerland central bank said today that
its foreign currency reserves with a new
record a find that it's slurping up
euros to try and keep the front can
check the Danes also reported a pickup
and reserves last week while also today
the Czech supported a rapid accumulation
pressure on its limit on the currency is
set to crank up sharply in the coming
month