Pound Sterling holds an uptrend against the Euro as the UK economy looks to be outperforming that of the Eurozone this July.
Pound Sterling has turned lower again following a strong run and we forecast the pullback to extend in the coming days if equity markets continue to struggle. Eurozone and UK PMIs are the week's focus.
A global stock market dip is weighing on the British Pound, reminding us that the stars can't always align for 2024's stellar performer.
The Pound to Euro exchange rate hit a new two-year high at 1.1920 on Monday, but inflation, wage and retail sales data will determine whether this hot streak extends.