The pound’s performance against the dollar this week has been pretty lacklustre.
It’s on course to end up short of 0.1%, though remains relatively elevated by recent measures, trading above $1.35, which until late last month was the highest since the spring of 2022. And earlier this week the pound rose above $1.36, touching its highest since February of that year.
Against the euro it’s had a tougher time, heading for a weekly drop of close to 1% as the European single currency has attracted haven-seekers amid renewed trade and geopolitical tensions. Sterling’s benefitted less from the weaker dollar and is on course to post its worst performance against the euro for a couple of months.
