Rabu, 01 Juni 2011

Unencumbered Will Sterling Manufacturing Data Forex

Sterling is still hanging around the area on Wednesday after the corrections away from the 1-month highs against the U.S. dollar yesterday mainly triggered by a sell-Pound against the Euro from a number of investors in order to meet the needs of the end of the month.


Prospects for UK economic recovery that has not been evenly Sterling also burdensome. Some analysts expect the manufacturing PMI data to be released Wednesday will be weakened, and negative surprises will push Sterling continued to decline as market expectations of interest rate hikes in the near future.

"The last few weeks Cable rates rose despite expectations of weakening, so we had to slightly adjust," said Paul Robson, a senior currency analyst at RBS Global Banking. "And at the end of the month many people may have to do the rebalancing of the data while Britain is still much weaker than other countries."