Could data boost sterling today, after a run of weakness for the British currency?

Sterling took further hits on Wednesday, falling against its major trading partners as the latest polls belied a growing lead for the ‘leave’ campaign. The upcoming EU referendum continues to dominate national headlines this week, ensuring that sterling remains vulnerable to investor sentiment. Members of the ‘Stay’ campaign are reported to remain sceptical over the proposed amendments to the UK’s membership of the EU, and with no positive economic data released from the UK in recent days, sterling continues to struggle.

Today could see some respite for sterling, with the release of the second estimate of quarterly economic growth over the previous quarter. Should this show a greater than expected increase in the UK economy, sterling could gain a much-needed boost.