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Pound May Weaken If UK Economic Data Disappoints This Week, Says Societe Generale

GateNews

2026-05-18 12:15:59

According to Societe Generale analyst Kit Juckes, the pound could come under pressure this week if upcoming UK economic data disappoints. Employment data is scheduled for Tuesday, followed by inflation figures on Wednesday and retail sales data on Friday (May 18-22). Juckes noted that should the data prove worse than expected, it would further pressure sterling amid existing political uncertainty.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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