Sterling traded essentially sideways against the euro yesterday while slipping yet further against the US dollar.

There are no significant data releases remaining today, but there will be CBI Distributive Trades (a measure of retail sales balance), which has been falling over the past two months as the cost of living crisis has deepened. It is projected to fall again.

Thursday sees car production data which was very poor last month due to microchip supply problems (the eighth month of declines) but it is expected that the decline in production year-on-year will have slowed.

There is also the not-inconsequential matter of a speech by Bank of England governor Andrew Bailey.

Get a quote or
Thank you call handler
Speak to an expert 020 7898 0541

Find out how we can help you

Let us know a little more about your upcoming currency exchange needs. We aim to take the uncertainty away by providing guidance on which services suit your individual requirements. You can then rest, assured your money is not at the mercy of the currency markets.

Secure and efficient transfers

Secure, quick and efficient transfers. Authorised by the FCA.

Protect against risk

Avoid losing money and protect against currencies moving against you.

Dedicated trader

Dedicated currency trader working with you to get the best value for your money.

Refer a friend or business

Recommend our services to your friends, family or colleagues and earn great rewards.

Share to...