Sterling softened against both the US dollar and the euro yesterday ahead of the release of UK GDP figures along with a speech from Jerome Powell on the other side of the Atlantic.
The RICS UK Residential Market Survey house price balance, which measures the gap between the percentage of respondents seeing rises and falls in house prices, rose slightly to -63 in October 2023 from -67 in September, suggesting the pace of decline has levelled-off in recent weeks.
More inflation and growth figures are due to be posted next week for the UK.
GBP/EUR: the past year
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