Even with the 0.25% drop this morning following retail sales data, GBP/EUR is still well over 1% up on the week and not far from its highest level for a year.
While not quite at those heights against the US dollar, sterling remains slightly ahead of a generally resurgent dollar over the past week.
We’re approaching a quiet period for UK data, with Wednesday’s flash reading for PMI the last noteworthy release for a week or two.
GBP/EUR past year


