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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.

Overlay of GBP Pairs: 1-Hour Forex Chart
Overlay of GBP Pairs: 1-Hour Forex Chart

United Kingdom Headlines and Economic data


EU’s Barnier confident deal with Brexit Britain is possible


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.


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’


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”


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