020 7898 0500As we approach Easter, the end of the month and the end of the quarter, investors indulged in some profit-taking and portfolio managers adjusted their stocks which had the effect of helping the dollar climb against sterling and the euro. It is also possible that the dollar is where it ‘should be’ against the pound at the moment and an element of correction was at play yesterday. It will be fascinating to see whether the pound sinks below the psychological $1.4000 barrier or whether it can push above pre-Brexit levels.
Today we have the GDP growth rate for the fourth quarter of 2017 which is expected to have dropped to 2.7% from 3.2% in the third quarter. We will also see pending home sales for February.
For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business trader on 020 7898 0500 or your Private Client trader on 020 7898 0541.
