Currency Note Sterling

Will the outcome of the BoE meeting boost sterling?

By Ricky Bean November 7th, 2013

Sterling held its own yesterday as it was a positive day for UK data  with industrial production data ahead of expectations and the manufacturing production figure meeting expectations. This all then leads in to today’s Bank of England quantitative easing and interest rate decisions. No change is expected but the recent sustained period of encouraging UK data should give the BoE something to think about for their forward guidance. As such, investors will be interested to see what unfolds, as any hint to policy changing could trigger movement for sterling. Call your trader now for the latest sterling rates, with the Bank’s words of the biggest concern.