After weeks of tier one economic reports from all corners of the world, the lack of market moving data outside of the Reserve Bank of New Zealand’s rate decision meant the possibility of quiet consolidative trade. However that was the complete opposite of what we saw this week as the central banks of New Zealand and the U.K. dropped hints of tightening. Sterling soared today on the back of Bank of England member Vlieghe’s comment that rates could rise as soon as the first half of next year if the job market recovers faster than expected. This was followed almost immediately by Prime Minister Johnson’s comment that ... (full story)