Market insights

Market Comment - 23rd July 2021

Good morning,

The pound continued to strengthen yesterday afternoon and early evening before plateauing in the early hours. This is against most of the major counterparts so looking good going into the weekend.

Jobless numbers in the US yesterday were softer than expected too so that may have bolstered the GBP versus USD.

Retail sales year on year including fuel came in slightly better than expected at 7am this morning which is typically a bullish sign for Sterling so that should help underpin the gains made overnight.

For the rest of the day it's mainly US data that's coming out and none of it is particularly heavily weighted so don't expect too much turbulence outside of potential global news stories that could come out at any time.

As ever we look forward to keeping you in the loop and look out for our next update.

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