Sterling has indeed crept up over the course of the week against the majority of majors as I had mentioned in my earlier post this week http://www.poundsterlingforecast.com/2012/03/25/u-s-gdp-figures-this-week-may-lead-to-sterling-spike/ – Once again staying reasonably stable against the Euro in what is now a considerably boring currency pair to be keeping an eye on.
This morning we saw a flurry of announcements from the Bank of England inclusive of credit conditions and money supply which
Later this afternoon the U.S is the main talking point, we see U.S GDP figures that could lead to quite a bit of volatility for most majors and also some unemployment figures for the States later on in the afternoon. Head of the Federal Reserve Ben Bernanke speaks at 16:45pm which as always may throw absolutely anything into the mix, however he spoke earlier in the week and I wouldn’t imagine any major changes from there.
Overnight, Consumer Confidence figures are released for the U.K at 00:01pm and with the pending petrol strikes and the added tax on pasties in the U.K i’m sure the general consumer isn’t in the best frame of mind at the moment, so we may see a little weakness overnight for the Pound.
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