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FX round-up: Sterling continues slide

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Date: Wednesday 20 Feb 2008

LONDON (ShareCast) - Sterling continued to slip lower on lingering concerns about Northern Rock and the banking sector in general.

The government’s decision to nationalise Northern rock has hit sentiment while writedowns announced by Barclays and credit Suissie yesterday also worried traders.

BoE minutes due out Wednesday will be in focus as will a speech from MPC member Kate Barker later this evening.

The dollar fell against the euro but was up against the pound as traders gear up for the release of US economic data this week.

The housing, employment and consumer prices data announced later this week will give an indication of the health of the US economy.

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