GBP: Mixed economic data fails to hinder sterling

Sterling strengthened against most major currencies yesterday, except for the Norwegian krone and Australian dollar.

Economic news was mixed, with the CBI measuring order books at 8 against an expectation of 15, but on the plus side, manufacturers were much more optimistic with CBI Business optimism at -21 against a prediction of -45.

Today, we have CBI Distributive Trades at 11am, but with much more data coming out of the eurozone this week market-moving data could come from any direction.

GBP/EUR past year

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