Sterling reached a fresh 6 month high of 1.6160 against the US dollar whilst pushing slightly higher against the euro reaching 1.2275; before weakening off sharply in the afternoon. Public sector borrowing for March came in above market expectations reaching £15.8 billion meaning that the total debt now exceeds the £1 trillion mark for the first time ever. Today’s quarterly GDP data will be watched closely by investors as clear sign of economic health in the country. Call in now for the latest news and a live quote.

The euro started the day under a lot of pressure before rallying against the majority of currencies as successful debt auctions from Spain and Italy boosted market confidence. The European Central Bank’s president is speaking first thing this morning and should provide some insight on the state of the economy in the Eurozone. Call in now for a live update and the latest news.

US consumer confidence missed markets expectations yesterday whilst declining new home sales figures led to further speculation that the Federal Open Market Committee (FOMC) could announce more quantitative easing today. The FOMC statement, press conference and economic projections will be the main news on the agenda today; with investors playing close attentions to the announcements; so, call in now for the latest news and a live quote.

Elsewhere, the Australian dollar performed poorly yesterday as quarterly as Consumer Price Index (CPI) showed inflation rose by much less than expected, hinting at a potential interest rate cut next month. Canadian retail sales also fell by more than anticipated in February. Late last night, the Reserve Bank of New Zealand’s official cash rate decision will be announced and the governor of the Bank of Canada will be speaking. Call in now the latest news and a live quote. 

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