For once, we’re not reporting a new low for the pound against the dollar, as it staged a small come-back yesterday, taking weekly losses to just 0.75%.
Against the euro, sterling gained close to 1% between Monday and yesterday morning, before slipping back.
This morning’s GDP data appears to be having a mixed reaction, with nothing definitive emerging to end the month yet. However, there were positive signs with business investment rising far ahead of expectations to 4.1% for the second quarter of 2023. Investment in aircraft was a major feature.
Next week, we launch straight into housing data at the crack of dawn on Monday, before moving on to final results for PMI through Monday and Wednesday.
GBP/EUR past year
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