Currency Note Sterling

Sterling steady as we await key data releases

By Ricky Bean October 22nd, 2013

Yesterday proved a quiet one for sterling with little data or events of note released. Early morning saw some slight gains for sterling after a house price index report from Smart Currency partner Rightmove. This showed that house prices had risen last month at the fastest rate since February. Today is much the same story with public sector net borrowing of mild interest to investors. These releases serve to support sterling ahead of tomorrow’s much more significant asset purchase facility and official bank rate votes. While the overall result is known, investors are always keen to find out the actual details of these meetings, as they provide a good indicator on the Monetary Policy Committee members’ views on the economy. Get in touch with your trader now for the latest rates on the pound.