GBP: sterling maintains gains against US dollar

After making and maintaining gains against the dollar yesterday afternoon, sterling is still stronger against the single currency compared to this time last Wednesday. Despite its choppiness since Monday, the pound is also marginally up on the euro compared to this time 7 days ago.

Tomorrow, the UK’s annual car production data will be released as well as CBI distributive trades for October. In the last CBI distributive trades survey, retail sales balance in the UK tumbled to -20 from 37 in August.

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