Currency Note

Positive Construction Data Builds New Highs For Sterling

By Ricky Bean July 2nd, 2014

Sterling has been pushed to twenty-two month highs against the euro and six-year highs against the US dollar as better than expected manufacturing and construction data cements the belief that UK interest rates will increase sooner rather than later.

These new levels could provide a good opportunity for businesses to lock in an excellent budget price for the year ahead. Meanwhile sterling buyers may wish to consider the future impact this will have on their profit margins.