020 7898 0500A mixed end to last week saw sterling push to a fresh three-month high against the US dollar, whilst slipping away from recent highs against the euro.
Although yesterday’s Bank Holiday resulted in reduced sterling trade, there are a number of economic data releases throughout the remainder of the week which could affect markets. Purchasing Managers’ Index (PMI) data from a number of sectors will be released, with manufacturing industry data the first of these today. Following a disappointing two months, a modest increase in manufacturing growth is expected to have been seen throughout April. Construction industry data will follow on Wednesday, but it is Thursday’s services PMI figures that investors will be most keenly awaiting, and a greater-than-expected figure would be well received by investors.
Aside from this, speculation over June’s EU referendum will continue to dominate markets, and anything that may sway the final vote is sure to have a great impact on markets.
If you are looking to buy or sell sterling, we suggest contacting your trader now for live rates, news and currency-purchasing strategies.
