020 7898 0500Sterling fell to a fresh five-month low against both the euro and US dollar as sterling sentiment took a significant decline throughout early-morning trading. Fears of a slowing global economy affecting UK economic growth continue to linger, leading investors to ignore better-than-expected UK realised sales throughout September.
Today we have the release of the first significant data releases from the UK this week, with confirmation of the second quarter current account deficit released along with economic growth figures for the previous quarter. Considering sterling’s current predicament, any positive news should be supportive of sterling and perhaps if much better than expected see sterling rebound strongly from these levels.
