This has continued Sterlings slide in the wrong direction and now has analysts posing the question - just how much further will it go before we start to get better???
Personally I believe it will get ever so slightly worse before it gets better but at present Sterling is still majorly undervalued so I am merely looking for data to start to become slightly more positive before we start the turn around.....
All eyes are on quantitative easing announcements in the coming weeks as these seem to be one of the major talking points at present, and one of the data releases that is assisting Sterling's decline.
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Have a great day and thanks for reading!
Daniel Wright
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