Pound (GBP) uncertain amid lack of data
The pound (GBP) was mixed yesterday, as a lack of UK economic data left the currency rudderless.
The risk-on mood sweeping markets saw Sterling slip against its riskier rivals, while firming or holding steady against safer peers, amid hopes that the crisis in the Middle East would improve sooner than expected.
British economic data remains thin on the calendar today. As a result, Sterling may struggle to find a clear direction.
Euro (EUR) subdued as German exports slump
The euro (EUR) slipped against its stronger peers yesterday after new data showed a 5.9% contraction in German exports in January, raising fresh concerns about the Eurozone’s largest economy.