Sterling Gaines After Hitting Six Month Low – 30 May, 2018

Sterling managed to dig itself out of Tuesdays six month low and steady declining rut on Wednesday as the euro and other currencies subsided after Italy’s political crisis. The pound rose 0.1 percent to $1.3293 but weakened to the euro by half a percent to 87.46 pence. Sterling is not completely in the clear though, data shows sterling is still vulnerable to weak economic data.