This Thursday the pound will navigate a variety of key data releases including this month’s GfK Consumer Confidence. The indicator rose slightly to -44 in November 2022, pointing to an improvement for the second straight month as political concerns eased.
Client strategy director at GfK, Joe Staton said, “This month’s fillip is likely to reflect nothing more than a collective sigh of relief as a new prime minister takes charge following the alarming fiscal antics we saw in September.”
Markets are expecting this week’s reading to come in at -43.
