Yesterday’s record manufacturing growth figures and jump in mortgage approvals helped steady the pound, which is proving more resilient than expected. It's reached a new 13-month high against the dollar and outperformed the euro this year. But it’s not necessarily onwards and upwards for the plucky pound. When the Bank of England does eventually increase the base rate, the bounce in the pound could be pretty subdued, as the expectation of a rate rise may already have been priced in...See Full Forex News at :
http://www.forexsq.com/currencies/forex-news-special-focus-on-sterling-1/
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http://www.forexsq.com/currencies/forex-news-special-focus-on-sterling-1/
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