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March 2016

Sterling continues to rebound

Published: Wednesday 02 March 2016

Sterling has continued to rebound, mainly thanks to cross buying against the Euro. The Euro remains the weakest currency on the day as markets prepare to ECB easing next week.
UK construction PMI dropped to 54.2 in February versus and expectation of 55.5. The data adds evidence of a cooling economy.
Focus turns to US non-farms on Friday.  

Latest FX news by Michael Hart