Sterling has reached the end of the week slightly up on the start of the week, having attained its strongest position against the euro for four months early yesterday.
While those gains were pared back in the afternoon session, GBP/EUR has settled at almost 1% up on last month. It’s held onto similar gains against the dollar over the month, despite a resurgent greenback in the past few days.
After GDP today, the high level data continues next week with unemployment on Tuesday and then Gfk Consumer Confidence on Thursday. With the Bank yesterday predicting a much smaller rise in unemployment than previously expected, the markets will be interested to see the first test of this prediction.
GBP/EUR past year
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