Manufacturing output and exports both gathered pace in November, which is positive for fourth-quarter GDP numbers due later in January.
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Market data suggests those with foreign currency exposure are not expecting the British Pound to be as volatile in 2018 as it was in 2016 and 2017.
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Pound Sterling should remain firm against an overbought Euro over coming days abut gains should ultiamtely remain limited as traders eye the next phase of Brexit talks.
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The British Pound could again be one a best-performing currency in 2018 argue analysts at a leading international financial services provider.
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Higher productivity should lead to higher wages which should in turn allow the Bank of England to confidently raise interest rates. And higher interest rates make for a stronger Pound.
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The Pound is rangebound in early London trade on Thursday, January 4 but markets could spring to life on the release of the all-important services PMI due at 09:30.
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Data from major financial institutions reveals traders are increasingly betting Pound Sterling will rise over coming weeks and months, or would it be more accurate to say they are no longer willing…
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