020 7898 0500Sterling had a relatively quiet day yesterday with few noteworthy events to cause drastic movements for the currency. Early morning saw mortgage approvals data from the country, but results were in line with expectations, leading to little reaction in the markets. The only other events relating to the pound were speeches from members of the Monetary Policy Committee and with no significant revelations, once again there was little impact to the markets. We continue today with the quiet trend of the week, with data releases again sparse. The only significant piece of data released today is the realised sales from the Confederation of British Industry (CBI), which could be mildly influential on the currency’s strength should they be well ahead or behind expectations. With nothing else going on for sterling today, it could prove to be an uneventful one. Get in touch with your trader now for the latest price, on a potentially timid day.
