It was another steady day for sterling yesterday against the euro, following Wednesday morning’s boost from higher-than-expected inflation data. That has been reversed this morning, following dipping retail sales in March.
There was some movement against the US dollar yesterday, with a swing of around half a cent at lunchtime before settling back to where it started the day. That also has been dented this morning by fresh data this morning.
Next week is considerably quieter for data, but there will be the CBI Business Optimism Survey on Tuesday and quarterly labour productivity for the UK on Wednesday.
GBP/EUR past year
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