Christopher Nye
on May 23rd, 2023 Sterling enters the day on a mixed footing against the euro and US dollar. Compared to this time last week, GBP/EUR remains somewhat unchanged but on a monthly comparison, sterling has strengthened by over two and a half per cent. Against the US dollar however, the pound is weaker on both a weekly and monthly comparison.
Lack of key economic data is likely to be a contributing factor to this — so all eyes will be on tomorrow’s inflation data to see if it causes further volatility for the pound.
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