Charles Purdy
on March 1st, 2022 After thrashing away wildly against the euro in early trading this week, only in the past few hours has sterling shown any real progress, strengthening by around 0.1% but still off its pre-invasion level.
Over the week, sterling remains down at least 1% against all of its major rivals except EUR and SEK.
There were no significant data releases yesterday for GBP, but later this morning we’ll have mortgage lending.
Hence the focus of interest will be from the European economies.
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