Currency Note Sterling

Sterling stronger against the US dollar

By Ricky Bean April 30th, 2015

A mixed day for sterling on Wednesday saw it lose a little bit of ground against the euro whilst pushing to a fresh two month highs against the US dollar thanks to disappointing US economic growth figures. Sterling’s strength against the US dollar was then further supported by the outcome of the Federal Reserve meeting where worries over the US economy being less robust than hoped for has clearly pushed back the date of an interest rate rise.

Another quiet day for sterling on the data front lies ahead. Investor attention will instead be trained on both the Eurozone for their latest inflation figure, and the US for the previous weeks unemployment claims.