Sterling continued to struggle across the board as uncertainty around June’s referendum on the UK’s EU membership continues to intensify. As we near the June 23rd vote, sterling finds itself under stronger downward pressure.
With no major economic data released from around the globe, continued negative sentiment has been the driving factor of weakness in the UK currency. Political uncertainty has seen sterling fall to its lowest levels against the euro since June 2014, while slipping to the lowest level in a month versus the US dollar. Today brings another quiet day for economic data releases from the UK. However, there are still a number of key international events to look out for however; with unemployment claims from the US and comments from European Central Bank president Draghi chief amongst these.
If you are looking to buy or sell sterling, we suggest contacting your trader now for live rates, news and currency-purchasing strategies.