Currency Note Sterling

Positive growth data doesn’t boost sterling

By Smart Currency October 28th, 2013

Sterling had a positive end to the week following growth figures for the UK coming out as expected. The statistics revealed that growth was 0.8% in the third quarter reinforcing the view that the UK’s economic recovery is well underway. Manufacturing Purchasing Managers Index (PMI) figures released on Friday represent the most significant data release this week with the construction and services figures will be released on Monday and Tuesday of the following week respectively. September’s Money Supply figures will be released on Tuesday but otherwise the week ahead is a quiet one as far as UK data influencing the pound is concerned. So little to change the downward trend of sterling against the euro and the positive note against the US dollar. Call in now for the latest news and up to date prices from the market.