Sterling either strengthened or was stable against most major currencies this week, in a quiet week for UK data but plenty of business news. This morning it has strengthened sharply against the Australian and Canadian dollars, while powering to a seven-day high against the euro.
It has weakened slightly against the US dollar this morning, but is still trading close to year-long highs.
Monday is a public holiday in the UK and Europe, but there are various lower level data releases during next week, including Nationwide house prices on Tuesday. Nationwide has been the more pessimistic of the various housing indices and recorded a 3.1% annual fall last month.
However, there could well be more movement over the course of the day as data emerges on the EU and US side over the next few hours.
GBP/EUR past year
