Sterling outshines rivals on stronger economic data

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The pound has sharply turned against the dollar and the euro in recent weeks, as the reversal of the so-called Trump transactions hits the US currency and betting to the investors to be better than before.

In February, sterling rose 1.8 percent of Dollar, from September to his best month, although losing a basis on Thursday. This week, it has risen $ 1,2715 below $ 1.21 last month.

Although inflation remains from the target, it is better than the expected retail sale and the GDP data to the elevator to worry the investors with anemic growth of Great Britain.

“People were worried about the breakthrough, but the growth of that story seems to be born with the latest data. It seems that some of them feel good forces, “said Calculation of Foreign Minister of America.

The “Winning Trump Trucks” – the choice of US President Donald Trump will lead to the push of inflation and other assets, and “surprisingly positive”, FX General Director.

Great Britain inflation rose to 10 months height In January, 3%, raising the prospect of slow interest rates from the Bank of England, which contributed to Sterling.

Giltres’ foreign shopping, which charges more than the US treasures, provided the next tail for the pound, said analysts. Last year, foreign purchases increased about 102 billion pounds, the highest level of ever, according to BOE data.

Many analysts believe that the pound is better than the other G10 currencies to get out of the US Trade Tariffs, taking into account the eurozone.

During this month, the pound strengthened 1% against the euro.

Sterling rose by “hot” inflation data and perception that the United Kingdom had a lower impact on US tariff threats, said Francesco Psol in FX Strategies. But he added that the “quiet gilded market remains needed” to continue selling the recently sold in the British government’s government bonds, which is also considered in the currency.

At the same time, other economists have warned that it is too early that it is a significant improvement in the British economy. Public Finance: whirl smaller than an expected surplus in January.

“Everything is better at the back of many weakest expectations,” Hetal Mehta, Head of Economic Research on St. James.