Sterling drifted lower at the end of last week as the market went back to pricing the Middle East first and everything else second. At home, the economic backdrop hasn’t exactly been cheering anyone up. Recent business surveys have pointed to fading momentum and rising cost pressures, which is an awkward combination when energy prices are the thing keeping everyone awake. Coming up this week we have retail sales from the British Retail Consortium tomorrow and GDP on Thursday.
GBP: UK data takes a back seat to energy nerves
Christopher Nye
on April 13th, 2026 
