It was a quiet day for data yesterday, so most currencies stood still on the exchange markets. Click to read more!
Strong data last week means sterling starts today in pole position on the currency exchange markets.
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The euro took a dive on Thursday following news that ECB interest rates would remain at 1.0%.
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British economic releases this week might have come with mp3s from the Rocky soundtrack, so positive has been the data.
The US dollar flew like a rock on Tuesday, losing ground against most major currencies.
It was a strong day for US data yesterday, with US business managers increasingly confident about conditions in 2011.
British manufacturing activity is increasing at its fastest pace since records began in 1992. Good news for sterling!
EU inflation has increased 0.2% to 2.4%, according to new CPI (Consumer Price Index) figures released today.