Good retail sales data yesterday failed to give sterling a boost after its highs earlier in the week, with the euro slightly gaining ground yesterday afternoon.
The ECB’s meeting notes showed expectations of ‘positive but modest’ growth, despite ‘elevated’ risks from Brexit to coronavirus.
Likewise, the Federal Reserve’s FOMC notes showed a note of cautious optimism, with America’s economy expected to be more resilient to uncertainty around certain factors like coronavirus.
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