Sterling had a steady day on Wednesday. After losing ground on Tuesday it managed to strengthen slightly against both the euro and the US$. Gains in U.K. bonds have gained this year are as a result of investors seeking safety from Europe’s turbulent debt crisis. UK economic data has disappointed in August which has made any increases in UK interest rates highly unlikely in what remains of 2011 and possibly 2012. Out today is Manufacturing PMI followed by construction data on Friday. Call in now for a rate.

The euro suffered yesterday, especially against commodity currencies, after low demand for Italian government bonds undermined the euro zones efforts to get on top of its debt. Euro zone inflation remained unchanged at 2.5% in August from July, whilst July Euro zone unemployment stood still at 10%. The number of people unemployed rose for a third consecutive month. Austria’s unemployment rate was the lowest, whilst Spain was the highest once again, increasing to 21.2%. Out today is German PMI and Euro zone PMI. Call in now for a live price.

The US dollar received a brief boost against sterling and the euro after better than expected factory sector data. US factory orders rose by 2.4% in July compared to June - more than economists had forecasted. Additionally, US ADP employment showed an increase of 91, 000 private sector jobs. This data will definitely add expectation to the Federal Reserve’s meeting this month as the Chairman of the Federal Reserve has indicated he may use fresh methods to boost the US recovery. Call in now for a rate.

Elsewhere, high yielding currencies are beginning to look more appealing to investors as optimism increases for global growth. Canada’s dollar rose against the US dollar yesterday after data indicated the nation’s economy grew 0.2% from the previous month. The Swiss franc also made significant gains against the euro and the US dollar, with the US dollar dropping by 1.9% against the Swiss franc. Call in now to protect yourself from adverse currency movements.

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