It’s another big week for UK data, with unemployment and inflation numbers set to give a deeper insight into the state of the country’s finances. The jobless rate is forecast to come in at 4.4% for September from 4.3% in August.
More currency volatility should be expected on either side of this, particularly considering EU member states have their own data sets to present.
Last week was punishing for sterling. The pound dropped by around three quarters of a per cent against the euro and by 1.5% against the US dollar, mainly driven by weak growth figures.
GBP/USD: the past year
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