Sterling’s gains over the last fortnight were sharply pegged back yesterday, as the pound lost almost 1% during the course of the morning.
The only data release yesterday was CBI Distributive Trades, which showed not just a sharp decline in sales, but also an anticipation of further falls next month. Later today we’ll hear some data on mortgages and credit in the UK.
However, there could be movement in rates if disruption looks to be spreading (or being contained) in China. Watch out, also, for speeches by Bank of England interest-rate setters Catherine Mann today and Huw Pill tomorrow.
GBP/EUR past year
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