Sterling bounced back to its strongest position for 12 days against the dollar yesterday, although there was nothing decisive about GBP/EUR.

Data released this morning, so far, have been UK unemployment from the Office for National Statistics, delayed by a week, but finally put and the so-called ‘experimental’ official data showed the rate rose to 4.2% in the three months to August 2023.

Shortly there will be PMI and the CBI Business Optimism Index, neither of which are predicted to be very optimistic.

GBP/USD past year

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