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Where to for sterling, euro and US dollar?

Posted on 11 December 2012

Sterling continued to lose ground against the US dollar on Friday dropping to 1.60; but, traded in a relatively narrow range against the majority of currencies. Rumours continue to build that the UK will soon lose its gold plated AAA rating; however, a lot of economists are suggesting this is already priced into the market and won’t really affect the UK’s economy due to only 7 countries currently having a “stable outlook”.
On the data front, the change in manufacturing production fell sharply by 1.3% when only a 0.2% drop had been anticipated. The Governor of the Bank of England is speaking this week and we will also have the benchmark 10-year bond auction………………………………………..Full Article: Source


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VRS - who has written 36199 posts on Opalesque Commodities Briefing.


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