Euro Dips: Sterling Hit On Increased Public-Sector Borrowing

The Euro and Sterling seemed to be weakening against the US Dollar, on the back of fresh data from the Eurozone. The Public-Sector Borrowings data from UK has raised concerns for Sterling and has brought it down.

With the minor slump in Gold and other metal prices hurting the sentiment, investors fled from riskier currencies to the safety of the greenback. This has softened the positioning of the Euro and Sterling vis-à-vis the US Dollar.

Euro has broken the 1.36 barrier again and is looking bearish. The Sterling has fallen below 1.56 with a clearly bearish outlook.