Sterling fell sharply on Friday against the euro, but will that continue today? The prompt seems to have been a general loss of faith in UK finances, as government borrowing costs rise and the economy remains stuck amidst sticky inflation. We’ll see how the inflation picture is looking on Wednesday, but before that the BoE’s chief economist Huw Pill will be speaking tomorrow. The PMI numbers will also be of great interest tomorrow. It could be a tricky week for sterling.
GBP: Pound faces uphill battle
Christopher Nye
on March 23rd, 2026 
