Friday 3rd November 2017

There’s little to surprise today, except for the sharp fall in the pound. Phil Dobbie asks NAB’s David de Garis why Sterling reacted so sharply to the Bank of England’s announcement today. There’s been virtually no reaction to the news, leaked earlier, that Jay Powell would be the next Fed Chair, and mixed movements in response to leaked portions of the US tax bill, which is still to see the light of day. And what of Australian retail sales – will they bounce back after a big fall in August?