# Pound gains on euro after mixed activity data, tumbles on yen

> Sterling gained against the euro after mixed UK activity data and fell against the yen. The article says the pound has been supported by better-than-expected economic data, a new government, and a Bank of England slower to cut rates than peers.

- Date: 2024-07-24 · published 2024-07-24T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/29543-pound-gains-on-euro-after-mixed-activity-data-tumbles-on-yen
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Currency moves of this kind have little direct effect on feed commodity supply or demand. They matter only marginally through dollar-based price competitiveness.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/pound-gains-euro-after-mixed-activity-data-tumbles-yen-2024-07-24/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.