Currency Note Sterling

Sterling dependent on events in other countries

By Ricky Bean September 29th, 2015

Sterling has continued to slip against the euro and has fallen below the key support level of €1.35/£1. This may be a short term blip but with the UK again quiet on the economic data front, sterling also found itself drifting against other major trading partners. News of a proposed takeover of UK-based beverage firm Sab Miller did spark some early morning strength for sterling, although this was eroded throughout the day as pessimistic sentiment again took over sterling investors.

Today again promises to see little data released from across the board, with consumer confidence figures from the US most likely to cause a stir. Elsewise, investors will look towards the event of Bank of England (BoE) Governor Carney speaking during the evening for any clues regarding UK interest rates.