Economic recovery has been the talk of Central Bankers but other factors have yet to stabilize enough to raise rates.
The pound tumbled to a fresh six-month low against the euro today after inflation fell by more than expected to 1.1 per cent in September due to shrinking energy prices.
Sterling declined by 0.5 per cent, making one euro worth 93.8p, the weakest level since March, while the pound lost ground against the dollar at $1.5722
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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