Friday, March 15, 2013

Sterling Fell Back to below $ 1.5

Sterling Kembali Terjerumus ke Bawah $1.5

Monexnews-United Kingdom-currencies pound sterling pressured to back under the level perch $ 1.5 for the 3rd time in this March because investors continue to take off ahead of the release of results of the Sterling position the meeting of two daily Bank of England today (Thursday, 7/3) to decide on the addition of stimulus in order to encourage economic growth.

Sterling weakened against almost all major currencies in line 11 of the 39 economists predict the central bank will increase its assets sales target at least up to 400 billion pounds (603 billion dollars) from 375 billion pounds today.

Investor sentiment was also more pessimistic after data appear disappointing economic fundamentals the market after the CIPS data plummeting to as low as Constructions PMI 29.1 of the previous figure of 48.7. The release of these data add to the bleak economic prospects are increasingly United Kingdom after the previous week's figure of manufacturing activity plummeted to as low as 47.9 PMI from earlier publications on the level of 31.6.

Exchange rate of Sterling now appears to be wedged into the area after 1.4998 slumped 1.4966 in early Asian trading session, and new slim to 1.5019 rally.(dar)

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Title Post: Sterling Fell Back to below $ 1.5
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Author: Mohammad Zulfi Satriawan

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