Pound Sterling – UK Markets The Pound is trading in a tight range against the majors this morning amid uncertainty surrounding the Scottish referendum. Sterling investors are likely to remain cautious in the upcoming trading sessions, especially after a series of poll surveys over the weekend indicated that the result of the Scottish independence remains too close. The outcome has the potential to have a bearing on the medium term prospects of Sterling, especially considering the political and economic impact on the UK arising out of the referendum outcome. Apart from headlines and opinion polls related to Scotland’s independence vote, investors will keep a close watch on today’s string of US macro data for further direction. Separately, data released by Rightmove over the weekend revealed that house prices in the UK rose for September. Given the importance of inflation and wage growth in deciding the future course of monetary policy, this week’s UK inflation and labour market data will prove crucial for Sterling investors. Additionally, the latest BoE policy meeting minutes will be keenly watched for any signs of further dissent among policymakers over a hike in interest rates
Posted on: Mon, 15 Sep 2014 10:28:28 +0000
Trending Topics
Recently Viewed Topics
© 2015