Private DCN Private DCN - Sterling

UK manufacturing to improve?

By Michael Cooper August 9th, 2016

Sterling enjoyed a steady day on Monday. Data releases were few and far between both here and abroad and little movement was seen for most currencies.

However today will pose more questions for sterling as we have the release of figures covering the Trade Balance, Industrial Production and Manufacturing Production. Forecasters are expecting significant reductions although there is a possibility of an improvement in the manufacturing figures.

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