Charles Purdy
on May 20th, 2022 The pound is supported against the euro and has strengthened by around 1% against the dollar.
Confidence figures fell to an all-time low, beating its previous record set in the financial crisis. However, retail sales saw an unexpected rise, providing a glimmer of hope that recession may not be inevitable.
Later today, Bank of England chief economist Huw Pill will speak. Markets will be listening for any comments on the UK’s economic outlook.
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