October 20, 2023 – Written by John Cameron
Leave a comment STORY LINK Pound to Euro: Sterling Slips to 5-Month Lows vs EUR
The Pound Sterling (GBP) has been on the defensive against the Euro (EUR) and US Dollar (USD) during the past 24 hours with vulnerability on domestic and global grounds.
Domestically, ING commented; “We saw some rather soft UK numbers this morning. Weak retail sales and a noticeable drop in consumer confidence, though both are among the most volatile UK data releases.”
Global risk conditions were also vulnerable with further concerns over the Middle East…
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