Sterling had a strong day against the dollar on Friday strengthening by more than 1.5 cents whilst ending fairly flat against the euro. There is a raft of data out of the UK this week with the markets paying particular attention to the release of the Bank of England meeting minutes and the annual budget on Wednesday. The BoE meeting minutes will shed some more light on their view on the state of the UK economy and any unexpected details outlined in the budget could cause a lot of volatility so call in now for the latest update and a live quote.

Data release on Friday showed that Italian Trade balance was much worse than expected and the euro zone wide trade balance was also worse than expected. This week’s main releases will be the Manufacturing and Services Purchasing Managers' Index (PMI) from the Euro zone countries; furthermore, the European Central Bank (ECB) President is also speaking. Call in now for the latest update and the latest news.

The US dollar had a poor day on Friday weakening off against the majority of currencies. Core Consumer Price index inflation figures released showed a slight rise; but, the data fell short of the market’s expectations. US housing and unemployment data will be the main market movers this week as the county looks for more signs of economic recovery. Any variation from the anticipated figures could cause a sharp movement for the US dollar so call in now for the latest update and a live quote.

Elsewhere, the Japanese yen had a poor day as the Bank of Japan meeting minutes revealed that some of its members thought that the inflation target should be set at 1% for now, before eventually being set at 1-2%. The main releases this week will be the manufacturing PMI from China and the minutes from the Australian monetary policy committee. Call in now for the latest update and the latest news.

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