Sterling is approaching the end of the week some 1.5% up on the US dollar compared to the start of the week. Although the swing for GBP/EUR over the past few days has also been close to 1.5% it currently sits where it ended last week.
It’s been a quiet week for data in the UK. However, other issues that the markets have got their teeth into include Covid-restriction unrest in China that threatens the global economy, the continued questions over Sunak’s alleged softening on Brexit, and the UK economy as strikes threaten several key industries. The scheduled rail strikes over Christmas could cost the economy £1.7bn.
Any of these could continue to make their presence felt in the near future.
Next week will feature a few lower-level data releases, including the Halifax House Price Index, PMI and new car sales. Things hot up considerably the following week, with the interest rate decision.
GBP/EUR past year
