Sterling is still weaker against the dollar and the euro following turbulence at the start of the week.

On Friday , data on the UK’s current GDP growth rate QoQ for Q2 will be released. Britain’s economy shrank 0.1% on quarter in the three months to June of 2022, which marked the economy’s first contraction in more than a year. As coronavirus pressures continued to subside,  UK services fell by 0.4%, with the largest negative contribution from human health and social work.

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