GBP continued to rebound on Friday following on from the Bank of England meeting on Thursday.
USD weakness continued into the end of the week, with data still patchy in light of the continued government shut down.
*Daily move - against G10 rates as of 06:00 GMT, 10.11.25
** Indicative rates - interbank rates as of 06:00 GMT, 10.11.25
Hopes of an end of the longest government shutdown has lifted the mood in markets, with equities tracking higher, boosting demand for GBP as well. We are set for a busy week for GBP with job numbers out tomorrow, as well as third quarter GDP on Thursday.
Recent GBP moves are giving buyers of foreign currency a good opportunity, especially ahead of the budget on November 26th. Should the government shutdown come to an end this week, then there is a good chance we could see the release of CPI or job numbers from the US.
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