Sterling took an early bath yesterday as the markets looked nervously at what the result of the Gorton and Denton by-election might hold. Their fears were justified as, whatever you think of the politics, the markets tend to take against leftward turns (and some rightward ones too, as Liz Truss could attest). We’re in a slower period for data, but it’s Nationwide House Prices on Monday, plus some mortgage data. The two may go hand-in-hand as a sluggish property market looks to a spring blossoming.
GBP/USD past year
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