Pound Sterling showed its disappointment to news the economy failed to grow in July, whereas the investment community thought it would register a 0.2% expansion.
The Euro's recovery against the Pound has suffered a setback, but technical analysts we follow say it is too soon to throw in the towel.
Pound Sterling came under renewed pressure against the Euro ahead of the weekend amidst a global equity market selloff that underpins how important external investor sentiment is. But this week sees the domestic calendar come alive again.
Pound to Euro Rate in Friday Swoon
- Category: EUR
Pound Sterling in late-week swoon against the Euro after global stock markets see aggressive selling.