Sterling’s losses from Wednesday continued yesterday and the pound hits Friday around 0.25% down against the euro, 1.1% down on the US dollar and somewhere between those against other major currencies.
That appears to have steadied with today’s consumer confidence readings, however.
Next week starts with a bank holiday, but there is in fact almost no data being released on the economic calendars. That doesn’t mean no market movement however, and the fall out from the central bankers’ shindig at Jackson Hole could stretch into next week.
There will also be quiet a lot of data from the euro side of the fence.
GBP/EUR past year
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