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Sterling was hurt by the release of the MPC minutes yesterday which seemed to suggest that the possibility of them extending QE had increased…read more

it may be that the large amount of currency moving through the markets has distorted the price somewhat and it may fall back to a more orderly pace, however the Pound has continued to edge upwards, albeit much more sedately and currently sits around 1.20, and 1.47 against the Euro and the Dollar respectively…read more

The election will be dominating today’s UK news, and the fallout tomorrow is likely to overshadow the usual headline making US non-farm payrolls, at least in the UK. We are in for an interesting few days, not just for the markets but also for the future strength of the EU, and the next five years for the UK.

The Pound has actually performed well over the last week, with not even last Friday’s weak GDP figure making much of a dent. The expectations were for a 0.4% growth figure, but with the poor weather in January the risks were that we would get a lower figure, and we did, with the initial estimate coming in at just 0.2%.

The weekend papers will likely contain a poll or two regarding the election, and although the Pound is doing well at the moment, the election is likely to cause some volatility over the coming weeks; it only takes one bad poll to bring the Pound lower.