020 7898 0500It was another poor day for sterling yesterday, as the UK currency hit fresh three-month lows against the US dollar, and just about held its own against the euro. UK Consumer Price Index (CPI) data came out lower than expected at 0.3%, the same as last month’s figure.
This morning will see the release of the Average Earnings Index and Claimant Count Change data, which may cause further sterling weakness if figures fall below forecast levels. The referendum, however, continues to rule the roost with any new polling data likely to have a stronger effect on sterling against the other major currency pairs.
If you are looking to buy or sell sterling, we suggest contacting your trader now for live rates, news and currency-purchasing strategies.
