Sterling Stages A Minor Recovery

August 7, 2024
Sterling Stages A Minor Recovery

The last 24 hours has seen the Pound rebound slightly from the lows.

At the moment it looks like it could be a dead cat bounce for an otherwise out of favour currency.

There's not much to report scheduled news wise today either so it's the bigger geopolitical events that are dominating.

Possibly the RICS house price balance out just after midnight could cause some movement, but it's unlikely.

In that same vein business news considers the potential for a rise in house prices on the back of the Bank of England rate cut.

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Economic calendar

UK: Thursday 00:01 RICS House Price Balance

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