Pound Recovers Slightly - MI240424

April 24, 2024
Pound Recovers Slightly - MI240424

Yesterday saw a slight recovery in Sterling rates.

It looks like it was down to slightly better than expected manufacturing and services data alongside a bit of technical trading.

The Pound had taken quite a drubbing since the end of last week, and rates rarely trade in a straight line either down or up.

Today is relatively light for scheduled news with the only highlight being durable goods orders in the US.

Business news centres on the $60 billion aid package for Ukraine passed by the US.

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Economic calendar

US: 13:30 Durable Goods Orders

As ever we look forward to keeping you in the loop and look out for our next update.

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