sterling

Pimco's Andrew Balls believes the Bank of England could be forced into more quantitative easing to avoid an appreciation of sterling.

Gilt yields have spiked following the Bank of England's inflation report, which suggested the UK will see higher inflation in the near-term.

Investec Asset Management's Paul Carr believes sterling is the most undervalued major global currency.

The new so-called 'currency vigilantes' hit sterling hard yesterday, on a day when gilt yields dropped to a new record low.

The pound has fallen to a five month low against the euro amid a rising claimant count and falling consumer confidence.

HSBC Global Asset Management has added sterling share classes to nine of its offshore emerging market funds, making them more easily accessible to retail investors.

THE BIG QUESTION

LV= Asset Management is launching a hedged share class for its European ex-UK Growth fund, to minimise currency risk for investors.

Sterling hit a six-month high against the dollar today as poor US economic data continues to weigh on the currency.

Sterling hit a seven-week low against the euro yesterday as the single currency shrugged off Ireland's ratings downgrade and continued concerns on Hungary.