A bit of a curate’s egg for sterling yesterday: good in parts, if we’re being polite. There were big falls against USD and CNY, but GBP/EUR at least stayed in the green, just.
House price numbers were the highlight of what had seemed like a slow week for data. However, Sunak’s cancelling of the northern leg of HS2 will have given the markets pause for thought.
This morning retail inflation has been shown to be easing. Shop prices rose at 6.2% in the year to last month – their lowest for a year – according to the British Retail Consortium, and actually fell between August and September. This is the first monthly fall for two years.
GBP/EUR past year
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