CurrencyIndex.co.uk

Foreign Currency Exchange Specialists

Wednesday, 2 March 2011

Positive data keeps sterling strong

Yesterday's data was generally good for sterling, giving exchange rates a little room to improve during trading through the day.

Tomorrow we have the Eurozone interest rate decision, so do think about securing rates today - after so much positive data in one day yesterday, is it likely that rates will improve further?

Yesterday's summary for the Pound:
- Nationwide survey showed house prices UP 0.3% in February
- Lending to individuals UP to £1.5bn in January
- Mortgage approvals UP above 45,000 in January
- Manufacturing PMI on target
- Money supply UP

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