The Sterling was able to recapture its gains on Tuesday as global investors helped spur on GBP trading. Taking cues from other bourses, the FTSE gains mirrored its counterparts. Data from the U.K. proved stable with slightly better or flat CPI figures, a better than anticipated DCLG HPI, but a disappointing CB Leading Index. In other words the U.K. produced numbers that have reflected the investment tone for the past few months as they showed stability with some good and bad news both mixed in. However, the gains that the GBP made show that risk appetite remains a quick trigger and even with rather questionable economic forecasts standing before it, the Sterling is capable of strength on occasion.
Written by bforex.com
