Although sterling has recorded a loss against the euro over the past 24 hours, it’s pretty marginal overall and it is safely back to there it was pre-Budget. Similarly with the US dollar.
That was despite some negativity around Liz Truss’s speech and its double-down on ‘Trussonomics’.
New car sales leapt ahead by 4.6% (although September is a traditionally busy month, so no great surprise) and while the S&P Global/CIPS purchasing managers index (PMI) for September was lower than last month, it was still better than expected on 50 and 49.1. Anything over 50 is growth.
We will shortly be hearing Construction PMI for September.
GBP/EUR past year
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