GBP: Pound falls against all but dollar

Sterling fell against just about all but the US dollar yesterday, taking it close to 2% down on the week compared to the various non-US dollars and Scandinavian currencies.

Less of a drop against EUR and USD (around two thirds of a cent), and GBP/EUR remains above where it spent most of the autumn, while GBP/USD approaches Christmas 2023 more than 4% up on Christmas 2022.

Following this morning disappointing GDP result for Q3, taking the UK to the brink of recession, there will be no significant data release now until the start of 2024.

GBP/EUR past year

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