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
Monday:
EU’s Barnier confident deal with Brexit Britain is possible
Tuesday:
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.
Wednesday:
U.K. BRC price shop index improved from -1.6% to -1.3%
UK mortgage approvals bounce back in June, Bank of England says
BoE’s Haldane sees mixed signals from regional visit
New French Europe minister – Brexit deal possible but not ‘at any price’
Thursday:
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”
Friday:
Annual UK house price growth recovers to 1.5% in July
Brexit talks to run into October: UK says
After ‘warning light’, British PM halts COVID lockdown unwind