Home » Currency Note » Currency Note » Currency Note GBP » GBP: The pound finds new strength

The pound has strengthened against the euro this morning rising by nearly 0.2%. Sterling has also gained strength against the dollar and has risen by 0.3%.

Yesterday the UK released data on Nationwide Housing Prices YoY JUL. the Index climbed 11.0% YoY a significant 10.7% more than June. Causing the pound to…

Data from the S&P Global/CIPS UK Services PMI Final will be released at 9:30am. PMI is expected to fall from 54.3 in June, but stay close to 53.

Good news for UK service sector this month as data shows services are slowly expanding – new order volumes in July were sustained even with consumers spending more on travel and leisure services.

However pressures increase for UK consumers as wage and cost of living burdens grow in the wake of nationwide staff shortages and inflation hikes.

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