Christopher Nye
on August 25th, 2020 The only data release today is at 11am, with CBI Distributive Trades, a test of retail expectations. Last month it beat expectations and this will be supportive of sterling if repeated this month.
With little news yesterday the pound traded within a very narrow band yesterday, but remains around 1% higher than this time last month against the euro and 2-3% above USD.
Tomorrow and Thursday we’ll hear speeches from central bankers that could move the market, as could clearer news on Brexit talks.
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