Currency Note Sterling

Sterling hits fresh 8 week highs against the US dollar

By Ricky Bean August 20th, 2013

Yesterday, Sterling continued its trend of strength from last week with modest gains against a number of competitors, notably pushing its 8 week record against the US dollar to even further highs. A quiet day for data gave only House Price Index figures from online property giant and Smart Currency partner Rightmove, which showed that the asking prices for UK houses had decreased by 1.8%. This did little to dampen the pounds performance, and the Confederation of British Industry added to sterling’s good performance by raising their forecast on the economic growth of the country. Today is completely devoid of data, so movement in the currency may only be seen on the back of its competitors relative strengths or weaknesses, or merely on investor speculation. Get in touch with your trader now to hear the latest prices for sterling, on a timid start to the week.