020 7898 0500A relatively strong start to the week for sterling saw the currency reach one-week highs against both the euro and US dollar as UK investors returned to the office following the Easter bank holiday weekend. Tuesday saw little economic data of note released from around the globe, with investors only really looking out for the consumer confidence figures from the US. Despite a larger increase than expected posted here, sterling rose against the US dollar as Federal Reserve Chair Yellen warned that caution in raising US interest rates was ‘especially warranted’ in the current uncertain global economic environment.
Today sees little economic data released from the UK, with attention again turned to the US for ADP non-farm payroll figures which will provide significant market interest. From a sterling perspective, the next major event looks set to be Bank of England Governor Carney’s press conference tomorrow which could touch upon the UK’s financial stability and future monetary policy.
If you are looking to buy or sell sterling, we suggest contacting your trader now for live rates, news and currency-purchasing strategies.
