Firms in the UK that use the pound when dealing with companies from across the world may be in need of foreign exchange rates specialist help in 2011, as the outlook for their currency is poor.
Reuters reports the British money is looking "fragile" as the new year approaches and the future is bleak.
Despite this, sterling managed to strengthen its position against the US dollar by 0.3 per cent in early-morning trading today (December 24th).
The positive day came on the back of sustained demand from Asia, although the news source notes the money still hovered close to its three-month low.
No comments:
Post a Comment