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 5^th and 6^th of march this year.