The British pound easily takes the top spot this week among the major currencies, riding higher on counter currency weakness and improving U.K. economic updates.
United Kingdom Headlines and Economic data
U.K. Retail sales stabilise but non-essential retailers continue to struggle – CBI – “Sales are expected to be remain close to seasonal norms next month.”
Broad U.S. session rally higher in Sterling, likely with the help of the weak U.S. dollar with uncertainty remaining on whether or not we’ll see a stimulus package from the U.S. government.
UK government to expand Covid-19 rescue loan scheme – “Small businesses that racked up losses and debts will now be eligible for loans of up to £5m”