Sterling played out the final trading day of 2014 by making gains against the vast majority of its counterparts. The most significant result was seen against a weakening euro, where the pound reached a new two-and-a-half year high and edged towards the best price since March 2008. All of this came despite a lack of data from the UK, after a varied year for the country.
Events begin straight away today at the start of a New Year, as the UK is set to release its Manufacturing Purchasing Manager Indices this morning. Investors will be keen to see a positive start for UK data, as the hopes of UK interest rate rise will continue to dominate market rhetoric for the foreseeable future.
Make sure you call your trader to see if these New Year releases make any difference to sterling’s high against the euro.