Stoke-on-Trent

Exchange Rate Outlook Darkens For Pound

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Sterling has fallen nearly 3% this month against the Euro, and market positioning data shows speculators making big bets on a further fall.
 
Yesterday’s inflation data was one in a long line of sterling-negative data releases, amid fears that the Bank of England will next month continue to increase the “quantitative easing” asset-buying programme. Each time it has done this in the past, the Pound has weakened significantly.
 
With the UK also expected to lag behind the USA, the European Central Bank and other countries in raising interest rates, some in the market say sterling is at risk of becoming a funding currency for the "carry" trade, in which investors use lo

 

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