The British Pound exchange rate complex enjoyed hefty gains against an under pressure US dollar while showing strength against the majority of major currencies. Can today's trade data cement the sterling's strength?
The pound sterling (GBP) is today faced with some data out of the UK's manufacturing sector. Losses are being seen vs the AUD and NZD while it will take a hefty budge to break recent ranges against the EUR and USD.
The pound sterling (GBP) is looking firm at the start of a new week, and on the cusp of a new month. We will see fresh data come on tap this week which will surely provide near-term guidance on the UK currency.