GBP: Pound’s stretch to 11-month high stops short

A positive start to the day following Andrew Bailey’s comments didn’t continue into the afternoon. However, sterling starts this morning 0.75% up on this time last week and this time last month.

One of the more hawkish members of the BoE’s Monetary Policy Committee, Charlotte Mann will be speaking this afternoon. Before that we have two data releases, Labour Productivity and BBA Mortgage Rates.

Next week starts slowly with retail sales on Monday, but gets interesting quite quickly, with unemployment and earnings data on Tuesday, and with GDP on Thursday.

GBP/EUR past year

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