Pound Mounting A Recovery

July 4, 2025
Pound Mounting A Recovery

Earlier this week Sterling rates collapsed following political turmoil.

However that tumble has seen a small amount of recovery towards the end of the week.

Even much better than expected US payroll data didn't halt the improvement in GBP/USD (although there was huge spot volatility when the report came out yesterday).

With little scheduled news heading into the weekend with it being Independence Day in the US, we're not expecting fireworks.

....but please bear in mind we weren't expecting fireworks on Wednesday either which just goes to show how an unexpected, political news story can have such a dramatic effect.

Business news is already focusing on the 9th of July when the tariff holiday of 90 days officially ends. Which, in turn, could lead to some eventful news stories over the weekend.

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UK: Saturday 15:45 BoEs Andrew Bailey Speech

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