Market insights

Pound rates continue to track sideways

GBP/EUR and GBP/USD rates remain in a sideways pattern. With little scheduled news to report on today it's unlikely the status quo will be broken.

There is a glimmer of hope in the broader business news, however, as supermarkets report on lowering food price inflation. Some items on the shelves are suggested to be at a lower price than they were in March 2023.

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Economic calendar

CHN: Wednesday 02:45 Caixan Services PMI

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

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