Currency Note Sterling

Sterling boosted by US economic uncertainty

By Smart Currency November 27th, 2013

Sterling posted a quiet showing yesterday, with little data of note out of the country to trigger any major movements. The UK currency weakened at the start of the day despite nothing concrete to prompt these losses, but news from the US later in the day saw it end higher against the US dollar. It saw little change against the euro. This morning we have the release of the second estimate of the UK’s Gross Domestic Product for the third quarter to drive early movements. Given its prominence as an indicator of economic strength, the release has the potential to cause significant movement in sterling’s exchange rates. Other data released in the UK today includes figures showing the percentage change in business investment and realised sales statistics from the Confederation of British Industry. Call your trader now for the latest sterling rates.