020 7898 0500A mixed end to the week for sterling saw it hit a fresh 15-month low against the euro before recovering slightly in the afternoon to rise from these levels, giving sterling investors some hope heading into a new week.
With the Easter bank holiday weekend resulting in reduced trading volumes, sterling has seen a slight boost at start to the week. No significant economic data releases are expected until later in the week, with the latest current account released on Thursday. Confirmation of final economic growth throughout the UK over the past quarter will follow shortly after, although this is likely to have a reduced impact due to earlier estimates. Finally, Purchasing Managers’ Index (PMI) data from the manufacturing industry will provide the first indication of sector growth throughout March, with further figures following next week.
If you are looking to buy or sell sterling, we suggest contacting your trader now for live rates, news and currency-purchasing strategies.
