Currency Note Sterling

Sterling volatility could be exacerbated by manufacturing data

By Ricky Bean June 8th, 2016

Sterling found some solid footing on Tuesday as the ‘Remain’ camp clawed ahead in the latest opinion polls released. With the latest two polls showing a lead for the campaign to remain within the EU, sterling strengthened across the board throughout early morning trading. Another quiet day for economic data releases, however, saw sterling trade relatively flat throughout the remainder of the day.

Manufacturing production figures will be released from the UK today, which is forecast to show growth of 0.1% throughout the month. Any surprises could add to sterling volatility.

If you are looking to buy or sell sterling, we suggest contacting your trader now for live rates, news and currency-purchasing strategies.