Sterling Exchange Rates To Change On Inflation Tomorrow

Euro Suffers Losses to a Strong US Dollar and a Resilient Pound Sterling

Sterling exchange rates are likely to alter significantly tomorrow morning at 9.30 dependant on how high inflation is running in the UK- if inflation is rampant then some of the Doves may be forced to grow talons and be pressed closer to a rate hike over the summer- a move that could be positive for the Pound.  The pound did fight back a little from the early morning lows but made only slight headway against the Euro, but did a lot better against the greenback.

Half an hour later, German economic sentiment figures are released and could dictate the Euros performance for the day until US trade balance figures are released in the afternoon.