📌 The British pound continued to rise against the euro, recording its fifth consecutive weekly gain, amid improving local economic data and increasing expectations of a reset in trade relations between the two sides
📌 The euro rose slightly by 0.1% to reach 84.14 pence, but it remained on track for an estimated weekly loss of 0.51%. The European currency had dropped to 84 pence on Tuesday, its lowest level since April 3
📌 In contrast, the British pound rose against the dollar by 0.05% to record $1.33303, amid a decline in U.S. Treasury yields that negatively impacted the dollar. Nevertheless, the dollar is still on track to record a fourth consecutive weekly rise against the euro
📌 The market strategy over the coming days focuses on an upcoming meeting between the British Foreign Secretary and his European counterparts next Monday, which is a precursor to a political summit to be held by Prime Minister Keir Starmer with EU leaders, amid hopes that these meetings will help restore trade relations that have been damaged since Brexit
#YE_SANAA 🇾🇪
