It was a distinctly choppy day for GBP/EUR yesterday, swinging by well over 0.5% as the inflation news initially disappointed the market and they then had to calculate the likely effects of a Truss or Sunak government. However it ended up close to where it started the day.
There was slightly less excitement against the US dollar although the end result was similar with the exchange rate barely changed.
After inflation yesterday and unemployment on Tuesday, today is a quiet day for data in the UK. Tomorrow there will be three vital sets of data – Gfk consumer confidence, retail sales and PMI.
