GBP review

Despite the pound's appreciation over the past few days, it was still on pace to log a losing week against the greenback, news that should hearten American companies and encourage them to take advantage of the move by paying GBP-denominated invoices at more affordable prices. 

The pound waxed and waned on the week, hurt initially by the weakest U.K. inflation since the 1960s, a subzero reading of -0.1 percent. But the pound pared its decline in subtly hawkish central bank minutes and news that U.K. consumers went on the biggest spending spree in five months.