Tuesday, March 11, 2014

Sterling three months performance summery

Sterling lost about 0.8%during the last two days as the modest data released during the last week, today we had the manufacturing production growth rate, which released at 0.4%, the same level for the second month. Pound is the best performer for this year, gained about 0.9%in January and 0.6% in February, reaching the two and half years high against the greenback at 1.6822.
But, it declined during March to lose 0.8% to 1.6590, as investors was waiting for much stronger data from the U.K. economy and its policy makers, especially for their Minutes of the monetary policy committee meeting, which held in 5th and 6th of march this year.

No comments:

Post a Comment