Pound pressured by political developments
A lack of fresh UK data saw the pound struggling to gain any particular traction ahead of the weekend, with the currency hampered by political anxiety
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A lack of fresh UK data saw the pound struggling to gain any particular traction ahead of the weekend, with the currency hampered by political anxiety
The mood towards the pound soured in the wake of a disappointing set of UK retail sales figures.
October’s UK consumer price index proved weaker than forecast yesterday, with the headline inflation rate dipping from 1.7% to 1.5% on the year.
A weaker-than-expected month of UK wage growth put a dampener on the pound yesterday, limiting the impact of an improved unemployment rate.
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The pound remained muted as MPs waited for the verdict of EU leaders on the matter of a fresh Brexit deadline extension.
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