Sterling appreciated across the board yesterday, gaining value against the currencies of its major trade partners. After dropping off against the US dollar towards the end of last week, sterling climbed back towards its recent four-and-a-half year highs, showing that any sterling weakness seems to be short-lived. Performance against the euro was similarly positive, rising to the highest level since early 2013 against the single currency despite a lack of significant economic data.
There is no major economic data from the UK today, and traders will be looking to both Europe and the US where economic sentiment and retail sales data respectively could well cause market movement.
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