Tuesday, 6 May 2008

Tuesday's trading sterling information

This morning has seen early losses for Sterling due to weaker than expected PMI data coming out for the U.K. The data released was the worst since March 2003 and worse than analysts had expected.

This pointed to further woes in the tussle between a slowing economy and rising inflation, and suggests that the gains we have made over the past week could well be short lived, so if you do have upcoming purchases it's certainly worth considering your options as it appears the problems here in the U.K may be a bit deeper rooted than first thought.

This is a brief summary of todays report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

www.currencies.co.uk

Have a great day and thanks for reading!

Daniel Wright

No comments: