Sterling has lost 1.35% against the dollar in the past week and 1% against the euro, as a cooling economy allowed the BoE to take its foot off the brake after 14 consecutive interest rate rises.
This morning there has been a mass of data including consumer confidence (improving) and retail sales (rising, but less than hoped). Shortly we will hear PMI results for manufacturing and services, plus CBI Industrial trends.
After a long run of data there is little to excite the markets next week until Friday, with a final result for GDP, as well as house prices from the Nationwide.
GBP/EUR past year
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