The pound began to come down from its 21-month high yesterday, possibly with an ‘exhaustion’ of new good news to keep it buoyed high following the end of the parliamentary debate.
Nonetheless, the pound is still stronger than previous weeks, as businesses react positively to news of a decreasing probability of a ‘no-deal’ Brexit.
In some further good news, UK consumer confidence figures came in higher than expected, increasing to -13, rather than the forecast -17. In total, it was up three points year-on-year. The savings index also grew four points to +18 – six points up year-on-year.