Currency Note Sterling

Sterling gives up gains

By Smart Currency November 12th, 2013

Sterling saw a steady decline against the majority of its trading pairs yesterday ahead of new quarterly inflation forecasts to be published by the Bank of England (BoE) on Wednesday. Investors appear to be taking a cautious approach ahead of the quarterly inflation report release with the feeling that a positive report may already be “priced in”. Today we have the Consumer Price Index figures announced which is the start of a busy week of influential economic releases with the overall unemployment rate released alongside the inflation report on Wednesday and retail sales figures on Friday. All eyes will be on the Bank of England Governor’s presentation on the new economic forecasts during the inflation report tomorrow with any unexpected news sure to cause volatility. Call now for an update and the latest sterling prices.