Despite all the political turbulence, it was nevertheless matters outside of the UK that defined movement in the pound. Sterling fell against the US dollar by around 1%, but so did most other currencies.
Against the euro, trading was in a fairly narrow band and there was no change by the end of the day.
Inflation was again in double figures year on year, with food price rises the biggest shock at 15%. This makes the case for real-term benefits cuts more shaky, but the Prime Minister has already committed to keeping pensions at the inflation level via the triple lock anyway.
GBP/EUR past year
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