The GBP/EUR pair declined on Friday after Manufacturing and Services PMI for both the UK and Eurozone, were released and the UK data underperformed.
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Analysts at Bank of America see more risk of the UK falling into a recession than not, according to a recent economic update, analysing the data released since the referendum vote.
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Sterling took a hit on Thursday after Retail Sales data showed a contraction in activity in June.
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The GBP/USD rate has moderated after previously showing bullish potential. It now remains range-bound after positive Inflation data from the UK was matched by Strong US Building Permits on Tuesday.…
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The pound is in a range as traders await UK July PMI data on Friday, which will show the extent that Brexit has impacted on the economy in July.
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The charts are showing the GBP/USD pair in a range. The US dollar may have gained a marginal regenerative pulse after Building Permits surprised to the upside on Tuesday but the data release did no…
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The GBP/EUR pair rose to the top of its current sideways range on Wednesday after the release of positive UK jobs data gave it a lift. The European Central Bank rate meeting on Thursday and UK July…
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