UK retail sales hit a record low yesterday, according to data from the CBI, which showed it to be equivalent to 2008’s levels.
Although this is not good news for the pound, it still ended yesterday slightly up against the euro, with the markets expecting poor figures from confidence data for the Eurozone shortly.
In the US, it’s been a mixed couple of days, with poor data and controversy over the lifting of regionalised lockdowns, but the economy ‘reopening’ does nonetheless seem to be helping the dollar.
With so much going on, where will the markets be by summer? We analyse the major banks’ predictions in our latest quarterly forecast. Get your copy today to start planning ahead.
