Yesterday’s final GDP data triggered the pound to weaken against both the euro and the dollar. The data revealed that the British economy contracted 0.3%, slightly more than the preliminary estimate of a 0.2% drop. One reason for the contraction is the additional Bank Holiday in September for the State Funeral of Queen Elizabeth II, where some businesses closed or operated differently on this day.
There are no further data releases in the UK until after the Christmas Bank Holidays.
GBP/EUR past year
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