Charles Purdy
on July 26th, 2022 The pound strengthened by around 1% against the euro yesterday after reports of more restrictions on Russian gas in the eurozone. Against the dollar, sterling remains stronger.
CBI distributive trades figures, which measure the wellbeing of the retail sector, rose by 1% in July, beating market expectations of a 4% fall.
It’s a quiet day for UK data today but with the US’s Federal Reserve’s next interest rate decision due later, market movement is highly likely.
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