Sterling has been given a boost by the early-morning announcement that the Bank of England will keep both interest rates and its quantitative easing programme unchanged. With some policymakers calling for an increase in QE, it looks potentially more likely that there could also be a further expansion in later months.
Construction activity in the Eurozone has declined faster than expected, according to figures released this morning, with activity all but stalling in France and Italy.
The US dollar has lost some of the gains it made yesterday, put under pressure from poor jobless data and the continued increase of tensions between the US and China.
With so much volatility on the horizons, you need to plan ahead if you have any currency exposure. Find out the risks and what you can do in our latest quarterly forecast and, as always, don’t hesitate to call your Personal Trader on 020 7898 0541 to discuss solutions for your situation.
