GBP/USD was heading back to its pre-Iran-attack position yesterday, gaining some 1.4%, after the Bank of England altered course on interest rates. However, next week is a busy one for data and little of it has been going the chancellor’s way of late. On Tuesday we have PMI, on Wednesday inflation and on Friday retail sales. Could there be anything there to end the recent GBP/EUR stability?
GBP/USD past year