The Sterling was able to maintain its gains on Wednesday against the USD. The Claimant Count Change was published yesterday and was slightly better than anticipated. The data will remain rather quiet the next two days and traders may find themselves garnering their sentiment via EUR and dollar centric viewpoints. The austerity measures undertaken by the U.K. government continue to provide stability for the GBP, but persisting questions about the economy are on the horizon. Concerns about debt ratios and the ability to achieve growth are tangible concerns. The Sterling, like the EUR, has done well recently, but it is likely to find itself tested again.
Written by bforex.com
