Sterling has managed to dip a little against the euro of late. The mid month rate fell to one pound equalling €1.13.
The movements of the currency are finally balanced around economic news, interest rate movements in the UK and the EU, and potential movements.
As we approach the UK budget slated for November 26th, we can expect some more gyrations on the economic and monetary fronts.
Feverish speculation in the press and in the markets lead to perturbations in the currency profiles even before there are any cast iron decisions put into the public domain.
Ever thus, one suspects, but everything now seems amplified by 24 media and social media feeds.
