Forecasts unclear following A mixed day for the pound

GBP EUR Looks to Employment Figures for Support

Sterling performed well against the Euro and Danish Krone following on from Wednesday’s positive movement. However the large gains against the AUD and USD from yesterday were reversed a little today. In my opinion there is still a lot of uncertainty in the market because of the upcoming election and the lack of understanding about how the government would deal with the national debt problem.

In saying this I can see a sterling spike, and potentially prolonged sterling strength in the future once the election has taken place and a clear policy is announced.