Pound to US Dollar rates influenced by political uncertainty in the UK

Slow start to the week for Sterling exchange rates – Data to watch out...

The Pound has had a fairly flat start to the week against most major currencies seeing little movement so far in trading today. Tomorrow however has the potential to do quite the opposite as we have both industrial and manufacturing data out for the U.K at 09:30am followed by the GDP (Gross Domestic Product) estimates from the NIESR (National Institute of Economic and Social Research). GDP figures basically show how much an economy grew or shrank over a specific period and this estimate in particular...