020 7898 0500Sterling traded largely sideways on Monday, although it did lose some ground against both the euro and US dollar. A relatively quiet day across the globe saw investors most alert for the release of German Ifo business climate figures. These figures showed a greater than expected level of optimism in the German economy from those surveyed and saw the euro strengthen slightly across the board.
Another quiet day lies ahead for sterling today, with only mortgage approval data expected from the UK which is likely to have any effect on the markets.
If you are looking to buy or sell sterling, we suggest contacting your trader now for live rates, news and currency-purchasing strategies.
