FTSE LIVE: Pound inches up despite turmoil; retail in spotlight; Fever-Tree to give reality check
All eyes are on the pound today after a week when it racked up its longest losing streak against the euro since that was launched in 1999 – and as Britain finds itself suffering another bout of political turmoil.
At the end of a tough week, the pound was up 0.19 per cent against the US dollar and 0.04 per cent against the euro this morning, despite Prime Minister Theresa May being on the verge of being pushed out the door.
Retail sales are due this morning and analysts will be watching what’s been going on for High Street shops.
It should be a quiet day in the City, with few companies reporting as executives conveniently arrange a lack of results on the Friday before the bank holiday and half term.
Watch out for firms slipping out bad news though, as one of This is Money’s team points out.
The pound had climbed slightly against the dollar at the end of a tough week for the currency