The British pound rose against the euro and dollar in the minutes following the release of consensus-beating UK wage data; however, we don't expect gains to persist.
The British pound risks a setback against the euro and dollar following the release of underwhelming UK economic data.
Pound sterling would come under notable pressure if Prime Minister Keir Starmer were to be replaced.
The British pound will come under pressure against the euro next year as the UK economy suffers rising unemployment.