Although financial markets are positioned for further gains by the Pound, business leaders have sent the first clear warning signal that the outlook is dimming.
Prime Minister Keir Starmer risks stalling UK growth and the British Pound's impressive run by killing sentiment and enacting taxes that specifically target the growth sectors of the economy.
Pound Sterling holds onto positive momentum thanks to constructive market sentiment and Friday's contrasting speeches from Andrew Bailey and Jerome Powell. However, we think further outperformance will be more muted in the near term.
The British Pound is higher against the Euro and Dollar ahead of the weekend, aided in part by the Governor of the Bank of England.