GBP/EUR highest in two months (Mike Vaughan)

The Pound Continues Its Fightback

Sterling exchange rates have consolidated this morning pushing on close to 1.22 bringing some of the best levels against the single currency since the end of February.

– Tomorrow 09:30 Bank of England minutes

– Friday Retails Sales figures at 09:30

For me anyone looking at this pair should keep a close eye on the Bank of England minutes tomorrow morning and Friday’s retail sales figures. Tomorrows minutes will give insight as to how the nine members from the MPC voted in relation to interest rates and will give clues as to future monetary policy. This can prove very volatile for GBP/EUR and could be one to avoid.

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