GBP: sterling reaches yet another post-Brexit high against the dollar

It was another positive day for the pound as it creeped even higher against the dollar. It pretty much traded sideways against the euro in what was a quiet day for the UK and eurozone. The question is whether sterling can break through the psychological barrier of $1.40 – if that happens then we could see a more significant move. As ever, it is impossible to predict exactly what will happen in the comings days, weeks and months, but it is certainly a currency pairing to pay particular attention to.

Today we have the UK retail sales which will shed some light on how the UK economy performed towards the end of 2017 but other than that, a fairly quiet end to an eventful week.