Private DCN Private DCN - Sterling

GBP: Is the weather helping the UK as much as we think?

By Ricky Bean August 13th, 2018

Sterling recovered slightly versus a weakened euro due to fears related to the situation in Turkey, whereas, the pound saw a continued negative trend against a strong US dollar.

Tuesday will commence the week with UK’s average earning over the last three months being published. We are expecting an increase of 2.5%, and it is within reach, looking at previous results. Consumer price index is in the pipeline for Wednesday, with a projection of 2.4% compared to the previous release of 2.5%.