Sterling gains strength across the board

Sterling was the stand out performer yesterday, soaring against all of its most traded partners following the release of the Gross Domestic Product growth figures for the third quarter. The figures showed economic growth in the UK had continued to accelerate which helped sterling strengthen considerably against all of its most traded partners – despite an initial drop – reaching its highest levels for the whole year against the US dollar. The report showed house building and investment was the driving force behind the positive reading. Today, the financial stability report and accompanying speech by Bank of England Governor Mark Carney will be the focal point for sterling investors, along with the continued reaction to yesterday’s movements, as sterling tries to hold on to these strong levels. Call your trader now for the latest sterling rates.