Monday, March 4, 2013

The Strengthening Of Sterling Is Still Fragile

Penguatan Sterling Masih Rapuh

Monexnews-Sterling strengthened after data showed the United Kingdom Government is improving its financial condition; but sterling still fragile rally by BoE wants to loosen policy further moneternya. United Kingdom Government records surplus budgets by as much as £ 9.9 billion for the month of January; better than a prediction of a surplus of £ 9 billion and prior publication that has a deficit of £ 12.4 billion. GBP/USD is traded now, away from the low level 1.5270 daily 1.5130

"Sterling is still likely to back melamah especially with the BoE which give more tolerance against inflation above the central bank's target," said Kiran Kowshik, BNP Paribas strategic interviewed Reuters. "Pressure down is still there for the next few weeks. However, to this day a weakening of sterling is too excessive and it managed to lure bargain-hunting action especially with United Kingdom economic data are pretty good these days. " (fr)

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Title Post: The Strengthening Of Sterling Is Still Fragile
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Author: Mohammad Zulfi Satriawan

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