The pound has suffered a slight reversal following three days of strong gains as retail sales and consumer confidence readings undid the positive news on jobs and inflation earlier in the week.
Retail sales are now 1.7% down on pre-Covid levels, with non-food stores feeling the brunt of the loss last month.
Even so, sterling remains over 1% stronger than the start of the week against the US dollar and euro.
Next week starts quietly for data, but on Tuesday there will a flash reading for S&P Global/CIPS PMI, as well as the CBI Business Optimism Index. Will managers and bosses be any more optimistic than consumers?
GBP/EUR past year
From To
