Pound fluctuating before UK growth figures
The pound was putting in a mixed performance ahead of the UK’s Q2 growth data.
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The pound was putting in a mixed performance ahead of the UK’s Q2 growth data.
Poor growth forecasts for the UK weren’t enough to stop GBP from rising against many of its peers yesterday.
The pound did not have a good week last week. GBP was pushed lower thanks to a combination of political concern and poor economic data.
After a poor performance last week, the pound remains in a weaker position against a number of the majors.
Thursday wasn’t the best of days for the pound as a combination of factors sent GBP exchange rates to new lows.
After careening lower on Tuesday the pound was able to stabilise ahead of the publication of the UK’s latest retail sales figures.
A surprising result from the UK’s latest inflation report left the pound tumbling against the majors on Tuesday.
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