Manufacturing Boost For Sterling

mar bonnin palmer

The week has started on a positive note for Sterling, led by improvements in the U.K. housing market and business confidence. Aiding sentiment, manufacturing activity has also revealed an expansion for March. This coupled with Eurozone finance ministers’ approval to boost the rescue fund earlier on Friday and strong official Chinese manufacturing PMI this morning has buoyed traders and kept risk sentiment alive in today’s trading session.

Across the Atlantic, the ISM manufacturing index for March will be keenly tracked today followed by the all important non-farm payrolls later this week. Markets also brace themselves for key central bank meetings in the UK and the Eurozone in the week ahead.

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Manufacturing Boost For Sterling

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