David Mann Help Quotations

Today's main focus is industrial production data. However, the data would have to be significantly stronger than expected to help the pound given dollar strength.

It certainly did help to see some narrowing of the trade deficit -- but the real positive for sterling will be a 'steady as she goes' message from the Fed and then the next step will be to see what the inflation report tomorrow has to offer.

There's good flows going into the stock exchange, helping the currency. The Bank of Korea is protesting at the strength, but it lacks credibility. It's said this before, but the currency has still strengthened.