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HISTORICAL DETAILS
% Change
1 Wk 1.21%
1 Month -0.37%
3 Months -1.33%
6 Months 1.33%
1 Year 4.12%
52 WEEK
High 1.6747
Low 1.5125
BLOOMBERG MEDIAN FORECASTS
Q2 2011 1.63
Q3 2011 1.62
Q4 2011 1.63
Q1 2012 1.62
DAILY DETAIL
With no local economic data on the offering, it was a pretty quiet end to the week for sterling, as it traded in a one cent range between its session low of 1.6076 and high at 1.6173. With traders continuing to focus on the debt problems in Europe and the US, they continued to be cautious heading into an ‘event risk’ packed week. The big focus domestically will be Wednesday evening’s release of the MPC meeting minutes. These will be poured over by analysts and economists for any signs of sooner-than-expected interest rate hikes in the UK, and if members are actively talking about increasing the current Asset Purchase Programme beyond the GBP200 billion. With little on the economic calendar tonight, traders will continue to focus on the debt problems plaguing both sides of the Atlantic. There will also be a lot of attention on how European banks trade following Friday’s stress tests. Ben Potter, Australia
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