Pound sterling is holding steady on Monday, however a lack of data leaves it exposed to technical considerations and external influences. The highlight of the week is the Bank of England Quarterly Inflation Report due on Wednesday. We present the latest insights and forecasts for GBP as they land on our editorial desk.
The underlying positive UK picture should see the British Pound (GBP) remain well supported and there are unlikely to be any triggers to change that. We consider the key levels to look out for and await February's trade data.
Has the British pound (GBP) found a floor or is this just a breather ahead of further declines? Will the Bank of England surprise markets and release a statement today? Pound Sterling Live seeks out the answers to all questions Sterling-related.
Is the decline in the pound sterling exchange rate complex justified? Will today's all-important Services PMI reading miss expectations again? These are the questions facing GBP at present and Pound Sterling Live intends to answer them.
Tuesday saw the British pound's decline arrested thanks to a consensus beating Construction PMI reading. However, any relief rally was limited as traders look forward to Wednesday's important Services PMI release and next week's Bank of England Quarterly Inflation Report.
The British pound (GBP) is seeing notable selling pressures on Monday morning. This selling could be stemmed by a strong Manufacturing PMI reading due for release at 09:30. However, the outlook remains favourable to sterling and exchange rate markets will remain wary of emerging market risks.
We consider the consensus forecasts for the pound / US dollar exchange rate in 2014 and note that the USD is favoured to advance.
