POUND
Sterling is trading down by a quarter of one percent this morning against the Euro but has managed to stay flat vs. the USD. This comes after a worse than expected unemployment rate, increasing to 8.4% from 8.3% expected, although the increase in the number of people claiming unemployment benefits was only 1.2k against 9.1k expected. This data although mixed will do little to encourage investors to buy the pound with the UK economy clearly struggling and with lower inflation data out yesterday, sterling’s performance rests heavily on whether the BoE will start QE again next month. T
23
Jan
2012
Posted by Alexis Del Fabbro