020 7898 0500Another quiet day in the markets saw very little movement for sterling against its major trading partners on Tuesday. With a dearth of economic data released from the UK over the start of the week, investors appear unwilling to place bets on the future economic direction of the UK, particularly with the Bank of England (BoE)’s next monetary policy decision just over a week away.
Today sees the release of preliminary growth figures from the UK. This data details economic growth over the previous quarter, and is forecast to show 0.5% growth, but the worry is the forecast may be over optimistic given the worries over the EU referendum.
If you are looking to buy or sell sterling, we suggest contacting your trader now for live rates, news and currency-purchasing strategies.
