Currency Note Sterling

Sterling stays close to 2013 highs

By Smart Currency September 24th, 2013

Sterling had a good, if not spectacular, day yesterday, despite no data being released to support the currency. These gains were realised mainly thanks to speculation on announcements due later this week with investors and analysts expecting to see improvements in the key areas of house prices, consumer confidence and gross domestic product. After words last night from one member of the Monetary Policy Committee member, more are due to follow suit today, while there is also mortgage approvals data to begin the weeks physical releases. Nonetheless, the start of the week remains quiet, and the continued speculation regarding the rest of the week may well remain the major driving factor behind the strength of the currency. Call your trader now for the latest price on sterling, as the week’s activity starts to pick up.