Jonathan Cook
on April 14th, 2026 A day that started with the pound on the back foot was more than reversed. After a dicey opening, the pound clawed back the cent it had lost to the US dollar overnight and strengthened to a position above when the war with Iran started. It also ended the day slightly up on the euro. That success may prove to be more overconfidence than evidence, but retail sales data this morning shows there is still life in the economy. That will be tested on Thursday with GDP.
GBP/USD: the past year
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