en-Sterling Pound review 


Sterling has been weakening slowly and there is a lack of key data and economic releases for the UK this week to suggest that this trend will change over the next few days.

Europe is similar with a dearth of releases. In the US it is a different story with the Federal Reserve set to give us an update on interest rates midweek. Expectations are for no change but it wouldn't be a total surprise if they did increase US interest rates by 0.25%. If they do it would be a boost for the US dollar.

So it seems to be a case of making the "most of it", taking advantage of better rates when they come along rather than hoping for more.