Forex Flash: Sterling remains buoyant against USD - Investec

FXstreet.com (Barcelona) - Investec Treasury analysts note that Sterling remains buoyant and rose for a fourth straight day versus the Dollar, trading at a two month high.

They see that the pound has benefited from broad dollar weakness in early trading, to push above 1.5500, following on from gains on Friday in the wake of the disappointing US GDP Report. Looking ahead, they note that Wednesday’s PMI survey remains the major UK release of note this week but with an otherwise relatively quiet UK calendar, Sterling will look to take advantage of factors abroad to build on its recent gains.