With no major data releases, sterling continued to struggle on Wednesday, managing to hold its position against the US dollar but losing ground against the euro and other major currency partners. Continued confidence in the euro following the decision by the European Central Bank (ECB) to hold interest rates in the Eurozone at 0.25% last week saw sterling fall to the lowest level in 2014 against the single currency.
Today again sees no major data out of the UK, but interest will be focused on key data released from the US as well as the pending referendum in Crimea.
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