Currency Note Sterling

A busy week ahead for sterling

By Ricky Bean March 17th, 2014

Following a tough week, sterling struggled again on Friday and fell to its lowest level against the euro for the second time in the week. Performance against the US dollar was steadier, with sterling unable to capitalise on disappointing inflation data from the US. The coming week sees a host of important releases in the UK, many of which have caused significant movement for sterling in the past. The Governor of the Bank of England (BoE) Mark Carney is speaking tomorrow evening and may provide greater insight into future monetary policy. This however, may well be overshadowed by the release of the minutes from the latest Monetary Policy Committee (MPC) meeting on Wednesday morning. At the same time, the highly influential monthly unemployment figures will be released and then later on that day, all eyes will be on the Chancellor George Osborne as he delivers the 2014 Budget.

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