Daily Archives: March 29, 2010
The pound has had a reasonably quiet day today with rate varying 0.25% – 0.5% against most currencies. The most notable movement came agianst USD, JPY and HKD at around 0.5% on each. The main market mover today appeared to be profit taking as investors sold short term sterling positions.
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Good morning readers and I hope you had a great weekend!
Today is extremely thin on the Ground data wise for Sterling with little due out for investors to study and markets to react to…. do not be fooled however as there are always surprises popping up in the currency markets as I am sure you are all fully aware.
Any news on Greece may have an affect on Sterling exchange rates as investors start to crawl back to the previously precarious Euro and also any hints on what may come of the GDP figures for the U.K tommorow could still lead to market movement over the day.
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