Sterling starts the week off on highs - Pound Recovery continues

Sterling has started the week off on a positive note, despite a release by the CBI (Confederation of British Industry) saying that the U.K should not get too overhyped about the potential of being out of a recession rapidly and that they still believed we would not see positive growth until 2010.

It is easy to get caught up in the 'green shoots' way of thinking and i'm sure we still have an awful long way until a full recovery, but at present we are certainly heading the right way thats for sure

The better the economy starts to look the stronger Sterling should become, and with the Eurozone covering so many differant economies I feel it will take them a lot longer to get out of this mess.

This is a brief summary of todays report. Click here to read the full report on our main website

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Have a great day and thanks for reading!

Daniel Wright