Sterling strengthened against the dollar but weakened against the euro yesterday, as inflation and interest rates again took the box seat.
Today’s GDP announcement that the UK ended the year in better health than expected has yet to affect sterling’s strength significantly. However, next week is a busy one for data, with unemployment on Monday, inflation on Wednesday, and consumer confidence and retail sales on Friday. While no one set of data may impact sterling, there could be a cumulative effect next week.
GBP/EUR past year
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