After a positive midweek, sterling looks to be ending the week on a relatively poor note, dropping half a cent against both the euro and US dollar since early Thursday.
Compared to this time last week that leaves GBP close to the same point against EUR but around 0.5% up against USD.
The big event on the global currency markets is the Jackson Hole economic symposium, where maintaining a post-Covid recovery will be topping the agenda.
With markets generally opting for safe haven currencies right now, the US dollar is being supported. However that could change if US Federal Reserve Chairman Jerome Powell signals no early return to higher interest rates or tapering of economic support.
In the UK, car production hit its lowest level since 1956 when the Ford Consul was a top seller as “pinged” staff stayed at home and parts supply shortages hit the factories.
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