020 7898 0500Sterling markets found support at the start of the week, gaining ground against both the euro and US dollar despite a lack of economic data releases across the board. A tough morning for sterling saw it hit a fresh one-month low against the US dollar as uncertainty over the upcoming EU referendum drove investor caution in the markets. However, this all reversed as sterling did strengthen significantly during the afternoon and evening. Difficult to identify clear reasons why apart from an improving oil price boosting investor sentiment.
Today sees the release of inflation figures from the UK which are forecast to show inflation maintained at 0.5% throughout the previous month.
If you are looking to buy or sell sterling, we suggest contacting your trader now for live rates, news and currency-purchasing strategies.
