Pound rates continue to be off the boil - Market Insight 7th August 2023

August 7, 2023
Pound rates continue to be off the boil - Market Insight 7th August 2023

Following the expected rate hike in the UK towards the back end of last week the Pound has been under fire. GBP/EUR and GBP/USD both dropped in Friday trading.

Overall it's a quiet day for scheduled news so it looks like it will need a global news story to move things before early tomorrow when there's Chinese import and export data out.

Business news centres on renewed industrial action on rail networks and the cooling off of the house market.

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Economic calendar

CHN: Tuesday 04:00 Import and Export Data

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