By Jonathan Watson

Sterling has made strong gains against the dollar today presenting a great opportunity to buy dollars. Negative data on US retails sales and Consumer Confidence  last week weakened the dollar, with invenstors looking to move their money from USD to GBP. The verdict from the OBR (Office of Budget repsonsibility) has been that Britains future growth will not be as  strong as predicted, but very importantly not as debt laden. This means interest rates may be raised later in the year hence the movements to Sterling. To find out more and discuss your currency requirements, please fill in the contact form and an experienced trader will be in touch.