US$/GBP – 1.5728

Sterling had a good day yesterday with most of the news generated outside of the UK once more. Sterling started lower against the Euro before rallying throughout the afternoon finishing the day above the 1.20 level with increased fear surrounding the Euro zone. However, a record drop in consumer credit has led to many people believing that there could be another round of quantitative easing in February which could slow sterling’s upward progress. Out later today there is manufacturing data which could amplify the fragility of the UK economy. Call in now for the latest update and the latest news. 

In the US there was a raft of bad data out including U.S. consumer confidence declining in January well below the expected level reiterating the fact that although the US economy is moving forwards it is not going to be in a straight line and will be slower than anticipated. Out today we see the release of manufacturing and non–farm payrolls employment data. Call in now for the latest update and the latest news.

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