Currency Note Sterling

Sterling continues to drift lower against the US dollar and the euro

By Ricky Bean October 30th, 2013

Sterling continues to disappoint. Speculation yesterday leant towards the upcoming data from the UK being worse than anticipated, and as a result we saw sterling rates drop, hitting a two month low versus the euro and falling for a third day in a row against the US dollar. Investors feelings were that house-price growth and manufacturing expansion will be slower this month than last, and as a result the currency will struggle to maintain levels. These results will not be seen until tomorrow, and no other data means today is likely to remain fairly quiet, while further speculation over these results could be the main internal driver. Get in touch with your trader now for the latest on sterling, as we look to whether it can maintain its recent form.